CBOE Volatility Index (.VIX) gains 2.24 to 20.50 and is making a run to session highs. The fear gauge is rallying to its best levels since 3/23, as the S&P 500 falls 17 points and is now off 5.5 percent in June. SPX is dipping below its June closing low of 1270.98 set Friday. Meanwhile, VIX options are heavily traded today. 226,000 calls and 37,000 puts so far. Attention is turning to July and August calls now that the June contract has expired. Jul 25s have traded 65,930X contracts and are the most actives. July 21, Aug 20 and Aug 27.5 calls are busy as well. The official settlement for the June contract is 19.73.
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.