VXST and VIX managed gains last week while the longer dated volatility indexes (VXV and VXMT) both lost value. The curve created by charting out VXST, VIX, VXV, and VXMT has been steep for most of 2017 as the shorter dated indexes have been at very low levels. The price action last week narrowed the angle to more normal levels.
Last week the S&P 500 was up just over 1.5% and VIX rose over 5%. More on that after the table below.
I ran some numbers and this is[...]