· The S&P 500 Index is currently down about 1.5% and the VIX Index is currently at 38.50 after reaching a high of 41 earlier in the day. The VIX Index level is at the top of the range for the past five months.
· The November — December VIX futures roll market is currently at -$0.50.
· The SPX Index is below its 50-day moving average and the VVIX Index is currently at the 150 level. With these trends, there is demand for out of the money December VIX options puts and calls.
· Next week: U.S. presidential election, a Fed announcement and the continued impact of COVID-19.
To learn more visit Cboe’s website.