Weekend Review of VIX Futures and Options – 7/16/2017

VIX finished the week at the lowest close since 1993, but the two lower closes came during a holiday week so I’m considering consulting with other VIX watchers with respect to if this is basically an all-time low.  Note the dramatic move in the July contract that goes off the board on the open Monday.

VIX Table Chart 07142017

The most exciting activity we got from VIX came around lunchtime on Tuesday.  Many traders may have miss VIX running to the mid-11’s and the July contract trading around 12.50.  At least one nimble trader pulled themselves away from Amazon Prime day shopping and caught a good purchase in VIX Put options.  They managed to buy the VIX Jul 19th 14.00 Puts for 1.80.  With VIX around 11.50 this trade had a break-even just above the spot index with just over a week to go until expiration.

VIX PO 07142017

This trade looked pretty good as of Friday with VIX down at 9.51 and the July contract finishing about a point higher.  The bid side on the close for this option was 3.40 for a potentially unrealized gain of 1.60.

The posts on this blog are opinions, not advice.
Please read our disclaimer for Indices.

Post a Comment

Thank you for submitting a comment. We ask you to use the comment guidelines to promote thoughtful and productive discussions. Your comment will be approved before it will be posted. Thank you for your patience.

Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • Categories

  • Recent Comments

  • Tags

  • Subscribe to
    VIX Views
  • Contributors


  • Quick Links

  • Blogroll

  • Follow Us

  • Archives