With equities seeing some rather typical OPEX chop, the VIX remained subdued, and melted a little lower, settling -2.4% @ 12.43 (intra high 13.09). Near term outlook offers the sp'2140s by end month, and that should equate to VIX remaining within the 15/11 zone.
*the VIX saw a net weekly decline of -3.3%.
Little to add.
VIX remains broadly subdued, and looks set to remain low into early June. The big 20 threshold looks out of range until the next FOMC of June 17th.
more later... on the indexes