Whack. Q1 GDP Final showed the economy contracted 2.9% (pessimistic traders were talking a drop of 2.1%). May Durables -1% and May Core -0.1%. Stock futures had been up, now off across the board. 10-year 2.54%. Over 22k VIX Futures trade in extended hours. MON extends buyback and raises guidance, up $5. Volatility as an […]
Ten years ago at CBOE, on March 25, 2004, on the eve of the launch of futures on the CBOE Volatility Index® (VIX®), presentations on Volatility and Enhanced Returns were delivered by a 4-person panel comprised of Joanne Hill, Izzy Nelken, Gary Lahey, and Jon Najarian. There was quite a bit of excitement in the […]
Normally, when the VIX begins to enter a new level, the Futures don’t ‘buy’ into the move. This causes the VIX to either be overly backward for periods of time, at levels the VIX would not be backward in, or alternatively, to have an extra steep contango when IV is clearly dropping. We saw something […]
Options on the CBOE Volatility Index® (VIX® index) established an all-time, single-day volume record today. VIX Options volume totaled an estimated 1,782,329 contracts, surpassing the previous record of 1,399,867, contracts traded on April 15, 2013. VIX Futures (VX) had their 4th busiest day ever, with 322,908 contracts traded. This is the 6th time over 300,000 […]
Settlement Reminder: Today, Tuesday,September 17th is the Last Trading Day for September in the following: VX, VM, VXEM, OV, VN, VXEW and GV futures and options. These contracts settle tomorrow morning, Wednesday September 18th. We will post the settlement values when they are released tomorrow morning.
The stock market has found itself under increasing pressure again this week, and once again seems to have found support at 1600. A week ago, $SPX was in a sharp downtrend on Thursday when it traded close to 1600, and a massive two-day rally followed. That rally took $SPX once again up to the 1650 […]
I would not have guessed today’s market performance by the way it started. To be blunt, the bears failed to capitalize on a golden opportunity to cause serious technical damage. The markets opened flat and traded down briefly. An uptrend started by mid-morning and continued steadily through the close. SPY ended up +1.52% on above-average volume. We […]
Good day friends of CBOE, Jay Caauwe back with an update on yet another record month in VIX futures and overall CBOE Futures Exchange volume. In fact, new records were set in total monthly volume, ADV and single day trading activity. So on to the numbers: VIX Futures For the fourth consecutive month, total monthly […]