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: VIX pits shift to November
October 13, 2015
With the October settlement next week, Group One's Jamie Tyrrell says VIX traders are moving ahead by selling November 15 puts and buying a November 22/28 call spread.
Video: Buying cheap calls in the VIX
October 12, 2015
As the spot volatility index drops below 17, Group One's Jamie Tyrrell says traders are buying 70,000 VIX November 30 calls for $0.50.
Video: Traders targeting higher VIX
October 9, 2015
The volatility index is little-changed today, but Group One's Jamie Tyrrell says some big trades are still looking for a higher VIX in October.
Video: VIX October 22 calls bought
October 8, 2015
The VIX Weeklies began trading today, but Group One's Jamie Tyrrell says the big trade is in standard options with a purchase of 45,000 VIX October 22 calls.
Videocast: VIX call buyers return
October 7, 2015
Group One's Jamie Tyrrell says traders were selling VIX calls early in the day but reversed course as the market rally fizzled.