Volatility index surges into settlement
Chris McKhann | email@example.com
The April VIX settlement came in today at 15.46, well above yesterday's close and right in the middle of this morning's range.
The volatility index finished trading yesterday at 13.95, so those who were long VIX futures or calls got a nice surprise.
The spot VIX is now up 1.60 points, or 11.7 percent, to 15.59. The pop has it back above the now-front-month May VIX futures, which are up 0.60 points to 15.35. The June futures are up 0.35 points to 16.05. This has the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 5.45 percent to 19.92.
Videocast: VIX traders look to June
March 4, 2015
Group One's Jamie Tyrrell says near-term VIX call buying has declined as traders are move to contracts in later months.
Videocast: Near-term pop in VIX?
March 3, 2015
Group One's Jamie Tyrrell says today's action in the VIX pits indicates that traders are positioning for volatility to rise in the near term.
Videocast: Traders see floor in VIX
March 2, 2015
Group One's Jamie Tyrrell says traders are selling March VIX puts, apparently believing that further downside potential in the volatility index is limited.
Videocast: VIX 'cash spread' hedge
February 27, 2015
Group One's Mike Palmer explains the strategy behind a VIX "cash spread" as traders cover positions going into the weekend.
Videocast: Futures see higher VIX
February 26, 2015
Although the spot volatility index remains below 14, Group One's Dominic Savino says the March VIX futures are targeting the 16 level.