Last week VIX managed to finish the day below the 2016 closing low (11.27) twice. If it were only Friday’s close I’d throw an asterisk in there for the three-day weekend effect, but there’s no holiday excuse for the Wednesday close of 11.26.
This past week they (whoever ‘they’ are) couldn’t get enough of February VIX Calls. On Friday, paper bought over 60,000 VIX Feb 21 Calls for 0.49. On Thursday, there were three block trades of[...]