November VIX settlement at 14.12
Chris McKhann | firstname.lastname@example.org
The November VIX futures settled this morning at 14.12, well above yesterday's close and above the range of the spot volatility index today.
The VIX is down 0.06 to 13.33 right now. It jumped to 13.94 at the open, but this all comes with the S&P 500 higher and in a very tight 3-point range. The VIX and the SPX typically trade inversely.
It is important to remember that the futures settlement is based on the traded prices of the SPX options at the open, while the spot VIX is based on the midpoint of the bid/ask spread.
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.