Calls on the CBOE Volatility Index (.VIX) are active . 68K contracts traded in the first 2 hours, or about 4X the usual. May 42.5s are among the most actives. 19.8K traded and, with existing open interest of 25.8K, some traders might be closing positions ahead of next week’s expiration (VIX May options expire next Wednesday). June 37.5 and 55 calls are also seeing action, with 10K and 30K contracts traded, respectively. The day’s volume includes a 1X5 call ratio spread traded 4900X for 65 cents. While the trade seemsÃƒâ€šÃ‚Â bullish on the surface, it was delta neutral and tied to a position in VIX futures at 33.40.
Category: All Indexes
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.