Spot VIX Index unchanged on the day, hovering around 22.70 after briefly climbing to 24.27 due to market pressure.
VIX futures are firm heading into the weekend, though 2021 back month futures for January, February and March are firmer than the 2020 front month futures. Meanwhile, October VIX futures maintain a significant premium, possibly accounting for the November U.S. presidential election.
30-day realized volatility is at 10.5%, down from 25% a month ago.
JAN 27–40 VIX options call spread traded 50,000 times this week, indicating market participants are expecting increased volatility in January.
Next week: Republican National Convention, new economic data and COVID-19 stimulus package news are expected to impact the market.