Shares of iPath S&P 500 VIX Short Term ETP (VXX) are down .31 to 41.51 today.? VXX is in the bottom of the 52-week range.
Today paper traded 8,982 VXX Feb 53 calls at .57.? ADV is 290,000 contracts.? The OI is 4,321 contracts.
The volume hit the bid in one block with several other blocks near the same price.? Just over 15,000 contracts traded all hitting the bid.? IV is down .3 points in Feb.? This is the largest block of volume on a strike today betting we don?t see too much more market volatility in the near term.
30-day implied volatility is 45%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading below the 10-day historical volatility.
Shares of iPath S&P 500 VIX Short Term ETP (VXX) maintain a 30 day duration in VIX 1st and 2nd month futures.