Volatility holds the 20s into the weekend

Despite equities seeing significant gains into the opex close, the VIX still managed to hold above the key 20 threshold, settling -5.9% @ 21.07. Regardless of any equity chop/weakness next Tue/Wed, with the ECB set to launch major QE, the VIX looks set to fall into end month.


VIX'daily3

VIX'weekly

Summary

*across the week, the VIX gained a very significant 20.1%. The weekly candle though is a little spiky, and is likely indicative that a cycle high might be in.
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Suffice to say.. a somewhat rare (at least compared to 2012-14) weekly close in the 20s.

Even if the market falls next Tue/Wed (for whatever reason)... VIX looks set to broadly fall into end month/early February.
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more later... on the indexes