Volatility Views 403: Screaming Indecision

VOLATILITY VIEWS 403: SCREAMING INDECISION

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT
• MIAX HOT SEAT: JIM CARROLL, TOROSO ADVISORS

VOLATILITY REVIEW SEGMENT

• THE RALLY TOOK A DARK TURN THIS WEEK: THE MARKET SEEMINGLY COLLECTIVELY AWAKENED TO THE ECONOMIC IMPACT POSED BY THE CORONAVIRUS.
• FED SPOOKS THE BULL: JEROME POWELL SAID WE HAVE “A LONG ROAD AHEAD” AND “ WE’RE NOT EVEN THINKING ABOUT THINKING ABOUT RAISING RATES” 
• SPIKES: 40.5  - UP 19 FROM LAST SHOW
• VIX CASH: 39.75 - UP 18.5 FROM LAST SHOW
• VVIX: 155 - UP 48 FROM LAST SHOW
• CBOE PLANS TO RELAUNCH MINI VIX FUTURES

VOLATILITY VOICEMAIL

• QUESTION FROM TONY WEBER: WHAT DO YOU THINK ABOUT SELLING JUL21 VIX, BUYING NOV17 VIX 60 STRIKE CALENDAR FOR 1.0 CREDIT? AM I HEADING FOR A HTZ DOUGHNUT?
• QUESTION FROM NEALS2: DO YOU THINK THE IMPLOSION OF THE CANADIAN VOL FUND WILL SPOOK OTHER PENSION AND HEDGE FUNDS AND KEEP THEM FROM ENTERING THE VOLATILITY MARKET?

CRYSTAL BALL

• WHERE WILL VIX/SPIKES BE NEXT WEEK?