With equity indexes closing moderately mixed, the VIX cooled, settling -2.1% @ 14.50 (intra high 15.49). Near term outlook is uncertain, not least because of the building Greek situation. The big VIX 20 threshold still looks out of range in the near term.
*considering the ongoing 'Greek situation', the VIX remains bizarrely low.
It was notable today to see a few large July VIX call blocks be picked up... as some are seeking to have protection against a Greek default within the near term.
The big VIX 20 threshold looks out of range in the current cycle.
more later... on the indexes