Volatility moderately higher

Despite equities breaking new historic highs, the VIX was positive across the day, settling +3.9% @ 11.15. Near term outlook is for VIX to remain within the 13/10 zone, and the 9s look very possible if sp'1970/80s into July.


VIX'daily3

Summary

Suffice to say, VIX spikes continue to get lower and lower.

There is moderate chance of mid teens next week, at the FOMC.
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*I have ZERO interest in picking up a VIX call block until at least mid July.
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more later..on the indexes