Volatility Views 217: The Mysterious VIX Futures

Volatility Review: A look at the week from an options perspective.

• VIX cash: Hit 52 week low this week: 11.02
• VIX futures: Question from JJK: The Sep VIX futures are trading over $3 premium to cash. Seems pretty steep. Is the market pricing in a big sell-off in the near future?
• VVIX: Currently at 96.78
• VIX Options: Mon: 660k, Tues: 765k, Weds: 635k, Thurs: 603k; Total 7.36m (5.10m Calls, 2.26m Puts)
• Crude Oil
• Gold

Volatility Voicemail: Listener questions and comments

• Question from Service Dog: Do stock market circuit breakers have a significant impact on market volatility?
• Question from MoneyPenney: How does VXX work?

Crystal Ball: Where will the VIX close?

Last week:

• Mark L.: 11.15
• Mark S.: 10.25

This week:

• Mark L.: 11.25
• Mark S.: 11
• Russell: 13