To say that volatility was flat last week is misstating the facts. Sure, VIX was lower, but wow, look at the rest of the curve. All contracts were higher with April and May futures leading the way at up over 6%. For this we will blame France, which I will explain after the VIX Table / Term Structure below.
VSTOXX is basically VIX for the European markets. Specifically, it is an index that calculates a consistent measure of implied volatility as indicated by options[...]