Volatility Views 308: Forth the Vol Hunters

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

• VIX Cash: 12.21 and as high as 13.30.
• VVIX - 93
• VIX Options - ADV: 535k, VIX call/put: 2.6/1, Total 7.95m (5.78m Calls, 2.17m Puts)
• The return of the 1x2?
• Plenty of call love yesterday
• Paper sells call June vertical yesterday

Volatility Voicemail: Flash poll!

Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM?

• 34% - Tesla, TSLA
• 21% - VIX
• 35% - Bitcoin
• 10% - Russell 2000: Emini, RUT

Listener questions and comments

• Question from Lisag - I'm confused. Why would someone by such an outlandish vertical in a product that essentially rots to zero?
• Comment from Kaijan - I would sell that VXX July call spread all day long. In fact I did! Thx for giving me the idea on your last show. Keep up the vol fun!
• Question from Deville - Great show. How do I get my volatility fund profiled on Volatility Views?
• Question from FNews2 - Do you think eliminating the traditional earning call would be a bad move for vol traders? I kind of take the view that it would smooth things out and make it a little less likely to get run over. Crazy?

Crystal Ball: Your prognostication headquarters

Last week:

• Mark L. -12.95
• Mark S. - 12.50

This week:

• Mark L. - 11.85
• Andrew - 11.55