Recorded before the holiday weekend, vol had already imploded. Plus, what rhymes with Uber?
Download Volatility Views 256: The Holiday Weekend Volatility Blues
Volatility Review: A look back at the week from a volatility perspectiv
- VIX Cash – 9.99
- VVIX – ?82.20
- CBOE Skew Index – 123.65
Russell’s Weekly Rundown:
- VIX Options: Mon – 558k, Tues – 522k, Weds – 449k, Thurs – 474k, ADV – 727K, VIX Call/Put: 3/1
- Total 7.70M (5.79m Calls, 1.91m Puts)
- Oil plunges 4 percent on disappointment with OPEC cuts
Volatility Voicemail: Options Question of the Week
$VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What’s your trade?
- Buy 13 Call for $.15
- Buy 11 Put for $.15
- Sell 13 Call for $.15
- Sell 11 Put for $.15
Listener Questions and Comments:
- Comment from VTrader – When VIX is below 11.5 since 2006, that current difference between from the front month and VIX cash is at its highest.
- Question from Eli Vagan – Did the spike in VIX last week finally break that short Vol feedback loop that everyone is focused on these days?
- Question from Benod – What was the truth behind that VIX strangle last week?
- Question from Allan Nemy – All this action in crude it seems like a good time for some crude Vol products. Why no CBOE crude volatility options?
Crystal Ball: Wild and reckless prognostication
This week:
- Mark L. – 10.25
- Mark S. – 9.75
- Russell – 10.75