VIX claws moderately higher

With equities melting lower across the day, the VIX clawed moderately higher, settling +6.4% @ 13.68. Near term outlook offers the sp'2095/90 zone, and that might equate to VIX 14.50/15.00. Broader equity trend remains bullish, and VIX should remain subdued within the 15/11 zone.


VIX'60min

VIX'daily3

Summary

VIX looks set for Tuesday morning gains.. before maxing out somewhere in the mid/upper 14s... along with sp'2095/90.

The big 20 threshold looks out of range until the FOMC of June 17th.

*it is VERY notable that there were some HUGE VIX call trades today. It can probably be assumed it was 'GREXIT' protection for June/July.

See BLOOMBERG for details... with some comments from none other than Mr T. from optionmonster.


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more later... on the indexes