With US equities holding sig' gains, the VIX is naturally still in cooling mode, -6.2% in the 19.20s. The 18s look due with sp'1950/60s. If 2K.. then VIX in the 16/15s... before things get wild in late March/April.
So.. we've seen VIX cool from 30 to the 19s across just 7 trading days.
Clearly, the bulk of the decline has now completed... even if we keep grinding up to sp'2K... the VIX will only trade a little further lower, as the market makers/option writers are not going to price things too cheaply.
notable weakness, TVIX, -9% or so in the mid 8s.
VIX update from Mr T.
time for lunch :)