Shares of the iPath SP 500 VIX short-term Futures ETN are down .08 to 18.38 today.? The ETN is trading near the 52-week low.
Today paper traded the VXX May 24 Weekly 17 put for .10 in a block of 23,000.? Average volume is 320,000.? Open interest is 12,531 contracts.
The trade looks like a sale since the puts were .1 bid at the time but it could go either way.? Paper was opening due to the smaller short interest.? The May 24 Weekly volatility is up sharply which makes me think the paper was buying.
?30-day implied volatility is 58%.?? 10-day implied volatility is 189%.? 30 day implied volatility is trading way below with the 10 Day Historical volatility.
The iPath SP 500 VIX short-term Futures ETN seeks to replicate the front two months VIX futures with a 30-day duration.