VIX dips below the 20 “psyche” level for the first time since late-July. The index is down 1.16 to 19.73 and has tumbled 15.8 percent from the highs seen yesterday, when a January settlement value of 23.64 printed Wednesday morning. VIX has been grinding lower over the past few weeks and is now down 43.3 percent since Nov 1. One player in the options market is possibly looking for a rebound in the weeks ahead, however, as a March 22 – April 28 strangle is being bought on the index today, for $4.85, 68000X on the session, to open.
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.