Volatility Views 216: VIX Put Palooza

Volatility Review: Breaking down the week from a volatility perspective

• VIX cash: 11.39; hits a 52-week low.
• VVIX: 88.14. Back below 100, but still elevated.

Russells Weekly Rundown

• VIX Options: Moderate volume this week.
• Mon: 547k, Tues: 522k, Weds: 367k, Thurs: 512k; Total 6.69m (4.44m Calls, 2.25m Puts)
• Earnings Volatility: TSLA stock at $225 on earnings. ATM straddle approx. $14.70 - 6.5%. Open unchanged. Closed up approx $5. Missed by nearly $10.
• Crude Oil: OIV: 42, OVX: 42

Volatility Voicemail :Listener questions and comments

• Question from NTC34: Heard you guys on #OptionBlock discussing using options with stock to speculate on volatility. Can you explain that? How does buying a call and selling stock give you a pure volatility position?
• Question from AuntH: What is up with RVX?

Crystal Ball: Spinning the wheel of where the VIX will close.

Last week:

• Russell: 13.05
• Andrew: 12.40
• Mark L.: 11.75

This week:

• Mark L.: 11.15
• Mark S.: 10.25
• Russell: 12