Volatility a touch higher

Whilst equities saw minor chop across the day, the VIX managed a minor gain, settling +1.5% @ 11.68. Near term outlook is for the VIX to remain in the 13/11 zone, although if sp'1940/60s in June, then VIX 10/9s look very likely.


VIX'daily3

Summary

*third consecutive daily close in the 11s..remarkable.
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Little to add.

VIX is in micro chop mode..and looks set to remain low for at least another 2-3 weeks.

*I have zero intention of picking up a VIX call block until mid June, 
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more later..on the indexes