Volatility slips for a second day

With the main indexes managing to hold moderate gains, the VIX slipped lower for the second consecutive day, settling -0.2% @ 12.42. Near term outlook is for the VIX to remain in the 14/11 zone. VIX 20s look unlikely until mid/late June.


VIX'daily3

Summary

Little to add.

VIX looks set to remain low (VIX opex is this Wednesday morning I believe), and if the main market can battle to sp'1920/30s by mid June, can VIX break (if briefly) to the 10s ?

Regardless, I have no interest in picking up a VIX call block for another few weeks.
-

more later..on the indexes