Volatility stuck in the 11s

With US equities holding moderate gains across the day, the VIX was naturally under constant downward pressure, settling -0.9% @ 11.57. Near term outlook is for the VIX to remain in the 13/11 zone until mid June.


VIX'daily3

VIX'weekly

Summary

Little to add.

VIX remains low..and even the mid teens look tough to hit for another few weeks.

Once the bigger weekly cycle starts to tick higher..then I will start to consider a VIX call block for a summer/autumn play...until then...I am content to wait.
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more later..on the indexes