May VIX settlement comes in at 13.17
Chris McKhann | email@example.com
The May VIX futures settled at 13.17 this morning.
Those futures finished trading at 13.50. The spot volatility index opened at 13.45 and is now down 0.01 points on the day to 13.36.
This comes with continued gains in the S&P 500, which typically moves inversely to the VIX. The SPX is up 6 points and has finally broken above 1675, now running higher to 1677.
The June futures are now the front month and trade at 15.20, while the July futures are at 16.15.
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Video: Whipsaw moves in the VIX
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Videocast: Volatility in September?
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Group One's Jamie Tyrrell says traders are buying next month's calls on the volatility index, bracing against a pullback in the S&P 500.
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Videocast: VIX premiums down before expiry
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Group One's Jamie Tyrrell says premium is getting sucked out of on volatility index calls on their last full day of trading.