Volatility Views 162: Return of the VIX Whale

Published: June 15, 2015, 4:23 p.m.

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Volatility Review: Greek vol not amounting to much. Setbacks in Greek debt talks on Friday bringing a little vol back to the marketplace. Traders aggressively hitting volatility going into the weekend.

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  • VIX Cash: High of 15.74 on June 9. VIX trending lower throughout the week finally breaking the 13 handle on Thursday.
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  • VIX Options: Call love - a heavy volume week, averaging 500k contracts. A massive day on Wednesday - nearly 1.6M.
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  • Our 1X2 friend is back!
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  • Total 8.13m (6.48m Calls, 1.65m Puts)
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  • VIX Up/Down: Nascent VIX Up/Down ETF Could Face Hedging Pressures
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Volatility Voicemail: Listener questions and comments

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  • Question from Nixy - Just found this hose on iTunes and liked the discussion about the new VIX ETPs. I am curious what you think of the CVol ETF product? Worth my time or more volatility detritus?
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  • Comment from Abstergo_US - Great discussion on VXX leap puts. After listening to your program, I pulled up the VXX options chain and pulled the trigger on the Jan 2017 12 puts for around $2 in my IRA. Fast forward a few weeks and these puts are already up well over 10%. Thanks again for the great tip. Seems like everyone should be loading up on these things.
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Crystal Ball: Reckless prognostication.

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