S&P 500 volatility rose across the four volatility indexes based on SPX option pricing this past week. The short side of the equation was up strong and the longer dated indexes (VIX3M and VXMT) had good weeks as well. It may just be some concern is finally returning to the equity markets.
The long funds had solid weeks with the unleveraged ETPs gaining 3% to 7%, with the big winner being EVIX which is based on VSTOXX futures trading. The short funds gave up almost the[...]