Apr 8, 2019
VOLATILITY REVIEW
A week of mild rallies, trade war progress and dwindling recession fears killing volatility.
Non-farms did not spark any volatility.
SPIKES - 12.8, down nearly 1.5-points from last show
VIX Cash - 13, 1-point lower than last week
VVIX - 79, 8-points lower than last
show
VIX Options - ADV: 523k, Total 10.0m (7.68m Calls, 2.32m
Puts)
VXXB - 28, 1.5-points lower than last show
LYFT extremely volatile post IPO.
VOLATILITY VOICEMAIL
Comment from T Mal
- I don’t do those for a credit
1x2, might as well reduce the distance between the strikes and pay
a little
Question from White Leo - When do you think we’ll
see new inverse volatility tradeable products hit the market? I
miss the old XIV days.
Comment from Mark Brandt - Embrace the coming
Volpocalypse
Question from PBWO9 - Hello to my favorite vol
show. Thx for keeping me company on the train every week. Love it!
5 stars on all platforms from me. My q - I know you’ve talked a lot
about the feb “VIXocalypse” from last year and the meltdown of the
inverse volatility products like xiv. Now with the benefit of
hindsight do you think that the prevelance of inverse products made
the volatility spike much worse than it otherwise would have been.
Also is the inverse true and now that those products are dead are
we somewhat insulated from a repeat of vix spiking back up to
80.
Question from Jim Daily - Just to clarify. Are
they really staying with $VXXB? There’s no name change
coming?
CRYSTAL BALL
Last week:
Mark L. - 13.75
Andrew - 13.20
Simon - 13.25
Next week:
Mark L. - 13.25
Mark S. - 12.37
Simon -
12.65