Friday, 6 June 2014

Volatility settles in the 10s

With equities ending the week at historic highs, the VIX was naturally lower, settling -8.1% @ 10.73. Near term outlook is for the VIX to remain in the 13/10 zone, but if sp'1960/70s in July, then VIX 9s will likely be hit. Across the week, the VIX declined -5.9%


VIX'daily


VIX'weekly


VIX'monthly


Summary

So..VIX has slipped into the 10s for the first time since Feb'2007.

Even the mid teens are out of range in the near term.

Of course, at some point the VIX is going to spike...and I'd guess (at some point again this year), break into the 20s...but that could indeed be some months away.

For now, I have ZERO interest in picking up any VIX call positions.
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more later..on the indexes