CBOE Volatility Index (.VIX) is down .55 to 19.36 and Jul 25 calls on the volatility index are among today’s most actives. One player bought 20,000 at 20 cents each. 50,800 traded. The premium purchases are possibly short-term bets that market volatility will remain high over the next few days. VIX July options expire next Wednesday. Open interest in the contract is 205,553 and the second largest in VIX (behind Jul 30 calls). So today’s flow is possibly closing trades as well.
Category: All Indexes
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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.