One of the most frequent types of questions I receive from investors involves the topic of year-to-date performance. Many investors are very interested in tracking how indexes have performed in the current year. As shown in the two charts below, of the ten S&P Select Sector indexes, the top and bottom performers in terms of […]
On November 3 the Cboe Volatility Index® (VIX®) closed at 9.14, an all-time record low for both a daily and weekly closing value for the index. While the news media often focuses on the spot VIX Index, volatility traders analyze the price movements of VIX futures. The prices for VIX futures at the close on […]
VIX finished the week lower, but notice the change for the standard first, second, and third month futures which was green for the week. VIX may have dropped at the end of the week, but the VIX futures are acting like the volatility players are not expecting the move lower to hold. One trader took […]
Of the four volatility indexes based on SPX option pricing, only VIX was lower last week. This is the second week where the longer dated indexes (VIX3M and VXMT) rose while VIX was lower. Despite VIX dropping the long ETPs gained ground last week. This is a great lesson in what these products give you, […]
VIX was higher last week, despite the S&P 500 hitting a record high for five days in a row. At low levels this sort of divergence between VIX and the S&P 500 isn’t usually much of a big deal. But I wonder if there may be more significance since VIX under 10 has become a […]
The short term volatility indexes (VXST and VIX) were up a bit last week as the S&P 500 set multiple all-time closing record highs last week. VIX3M (formerly VXV) and VXMT were both up slightly resulting the rare ‘term-structure twist’. It’s really not that rare, I just had a nature documentary voice in my head […]
An October 17 press release introduced a new name , “Cboe Global Markets, Inc. … identity and mission at the Futures Industry Association (FIA) Expo 2017 conference, currently taking place in Chicago. The changes were made to better reflect the evolving nature and spirit of the company and follows the acquisition of Bats Global Markets […]
On a week over week basis VIX hardly budged, but we did have a couple of days with closes over 10.00 both Monday and Tuesday. In fact, we would have had a double digit VIX highs each day if it weren’t for Friday’s price action falling short by 0.02. The curve moved lower than VIX […]
There are lots of articles floating around discussing the lack of volatility in the markets along with the low level of VIX. It’s reaching a point where we don’t have much else to say and are just waiting for a change of scenery. With all that going on, the four volatility indexes based on SPX […]
All-time Record Volume for VIX Options Today, as VIX Index Hits Its Highest Level Since August
FRIDAY, DEC. 1, 2017 – Today’s trading volume for options on the Cboe Volatility Index® (VIX®) was a reported 3.1 million contracts, the highest number for single-day volume in the VIX options since they commenced trading in 2006.
HIGHEST VALUE SINCE AUGUST
Today the VIX Index hit an intraday high of 14.58, its highest value since August. Key news events today concerned the tax legislation in the U.S. Congress, and the plea by Michael Flynn.
VIX OPTIONS AND FUTURES VOLUME IS UP IN 2017
Average daily volume for both VIX options and VIX futures has increased in 2017, as investors use these powerful tools in a variety of ways for portfolio management.
MORE INFORMATION
To learn more about use of VIX options and VIX futures, please visit Cboe’s VIX webpages at www.cboe.com/VIX.
Education, Futures and Options, Performance, VIX
Futures and Options, Options, record, VIX, volume