VIX threatened to close the week with a 9 handle, but managed to stay out of single digit territory. Spot VIX was down over 16% and the standard September futures contract which goes off the board on the open Wednesday was down 16% as well. There’s still a premium of 0.95 between spot and September VIX, but the gap that has persisted until recently is closing. October, which will take over as the front month, remains at a premium of about 1.75.
Friday was fairly quiet,[...]