Volatility Views 208: Fed and Brexit Jump Start the VIX

Volatility Review: A look back at the week from a volatility perspective

• VIX Cash: High: 16.27 today. VIX remains somewhat muted heading into FOMC next week and Brexit the following week.
• VIX Futures: All-time record high OI for VIX Futures: 501,835 on June 7
• VVIX: Creeping back up toward the high of recent range. VVIX: 90.
• VXX: 13.20
• XIV: 32.56

Russells Weekly Rundown

• VIX Options: Mon: 732k, Tues: 552k, Weds: 472k, Thurs: 585k.
• Total 7.85m (5.75m Calls, 2.10m Puts)
• Soybean Vol: Still crazy town in soybean volatility.

Volatility Voicemail: Listener questions and comments

• Question from 777: Does the many VIX tradable products influence the underlying index to any great extent? Is the tail waging the dog?
• Question from Skiball: Where do you see the VIX going and how will it impact stock picking in this market?

Crystal Ball: Russell finally gets the win by being the least-wrong with the 15.25 guess.

Where will the VIX close on Friday? Don't discount FOMC, Brexit.

• Russell: 16.5
• Mark S.: 18.01
• Mark L.: 15.5