· Moderna vaccine tests show a 94.5% efficacy rate, driving the S&P 500 Index even higher. Similar to Pfizer’s vaccine, Moderna’s vaccine uses messenger RNA to target virus spikes.
· The VIX Index is measuring at the low end of its recent range, currently below 23, as of recording. The November VIX futures will expire on Wednesday morning and the January to July VIX futures are trading within $0.20 of each other.
· Today, the S&P 500 Index is up around 1% and VIX options trading has been very active. A November 26/23 VIX options put spread was rolled out to the December 22/19 VIX options put spread for a $1.10 credit.
· This week: domestic and international central bank speakers, a few earnings announcements remain and updates about COVID-19 and potential vaccines.
To learn more visit Cboe’s website.