Volatility Views 302: Mother of All VIX Bombs

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

• VIX Cash is still hanging around in the teens.
• VVIX - 97, pretty much unchanged from last week.
• VIX Options - ADV: 1.05M, VIX call/put: 2.6/1, Total 6.29m (4.55m Calls, 1.74m Puts)
• How is the VIX July 10-75 strangle doing?
• VXX - 42.50
• OIV - 26.5, 2.5 points lower than last week.
• GVZ: 12.25, 1.25 points lower than last week.

Volatility Voicemail: Last week's volatility flash poll

Which product/segment do you think will experience the most Volatility over the coming trading week (through the close on Friday 2/20) SPY SPX VIX WTI Crude Gold Bitcoin BTC GLD USO

• 28% - S&P500: SPY, SPX. VIX
• 8% - Gold: GLD, Comex
• 28% - Crude Oil: WTI, USO
• 36% - Bitcoin: BTC

Options question of the week

VIX is back in the mid-teens. Are you buying this Volatility reprieve or is this merely calm before the storm? Quite simply - Where do you think VIX will end the week?

• Here: 16-18
• Higher: 18-20
• Even Higher: 20-25
• Lower: 14-16

Yet Another Options Flash Poll:

The proposed third exchange from @MIAXexchange will raise the total number of U.S. Options Exchanges to 16. Is this a good thing for the options market? Is it the straw that finally breaks the camel's back? Or are you too busy getting great fills to care?

• More Exchanges the Better
• Please Make It Stop
• Don't Care: I get filled
• Comment from Patrick Snoke -The more the merrier....my fills are.

Listener questions and comments:

• Question from Scott Somer -Think this product will get enough liquidity? https://twitter.com/MIAXexchange/status/986334029338300416
• Question from Niddles - VIX settlement WTF?!?
• Question from Allen - What are the VIX mullet guys up to these days?

Crystal Ball: Wild and reckless prognostication

Last week:

• Mark L. -17.17
• Mark S. - 15.00

This week:

• Mark L. -16.35
• Mark S. - 15
• Mike - 15.85