The CBOE Volatility Index (VIX) is down .24 to $14.93 today.? VIX is at a one-week low.
Paper sold 11,200 VIX Jan 17 calls for .50 this morning. ?Average contract volume is over 496,000 contracts per day in the name.? Open interest is over 93,000 contracts on the strike.? The implied volatility is down 3.1 points in Jan. The trade looks to be a seller of options but opening or closing is unclear. ?The VIX Jan 17 calls have trade over 30,000 contracts as of this post.
30-day implied volatility is 69%.?? 10-day implied volatility is 198%.? 30-day implied volatility is trading well below the 10-day historical volatility.
VIX is the CBOE Volatility Index meant to keep a 30 day duration for implied volatility in the S&P 500.