June VIX contracts settle at 17.22
Chris McKhann | firstname.lastname@example.org
The June VIX futures settlement came in at 17.22 this morning, well off their close of 16.75 yesterday and above the morning high for the spot volatility index.
The settlement comes from S&P 500 traded prices, while the spot VIX comes from the midpoint of the bid/ask spread.
The volatility index is now up 0.24 points to 16.85 while the S&P 500 is down just 2 points, just below 1650. The two indexes typically move inversely.
The rise in the VIX and that high futures settlement is a bit surprising. The July VIX futures are trading at at 17.70.
Video: Huge June VIX call buy
May 22, 2015
Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.
Video: Heavy June VIX call action
May 21, 2015
A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.
Video: VIX June 17-18 call action
May 20, 2015
Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.
Video: VIX going into expiration
May 19, 2015
Group One's Jamie Tyrrell says traders are expecting a quiet May settlement tomorrow morning but are active in the June contracts.
Video: Low premium in May VIX
May 18, 2015
Group One's Jamie Tyrrell says VIX options are showing little premium levels ahead of the May settlement on Wednesday morning.