VIX cools a little

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.


VIX'60min

VIX'daily3

Summary

*considering the ongoing 'Greek situation', the VIX remains bizarrely low.
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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.

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more later... on the indexes