Volatility Views 197: Holy Vol Crush

Volatility Review: Everyone goes to Boca and volatility falls out of bed. Vol of vol coming in as well, VVIX: 84.

Russells Weekly Rundown:

• VIX Options: A fairly strong volume week.
• Thurs: 909k, Weds: 675k, Tues: 704k, Mon: 573k, Total 5.30m (4.02m calls, 1.28m puts)
• Crude Oil: OIV/OVX - 46, about 49 today, almost touched 80 back in mid-February, multi-year high.
• Gold: GVZ 18 - well off recent highs. GVZ - peaked around 28 back in mid-February - last hit these levels in June 2013 - so nearly 3-year high.

Volatility Voicemail: Listener questions and comments

• Question from George K. - What is the thought process regarding the new SPYIX and hedging? Can you hedge it with VIX Futures?
• Question from BJLane - VIX vs. RVX - Which performs better for call verticals? Which pops better when it hits the fan?
• Question from Jacro - Why no volume in RVX?

Crystal Ball: VIX Predictions:

• Russell - 15.5/8
• Mark S. - 14.25
• Mark L. - 15