All four volatility indexes based on S&P 500 Index option pricing moved higher last week. I know all the talk was about the government shutdown being responsible for the rise. However, if that were totally the case I don’t think we would be seeing VIX3M and VXMT moving up as much as they did. I believe there’s more going on here, but I also spend most Friday evenings watching Ancient Aliens.
In the ETP space the long funds benefitted from the bump in VIX[...]