Vol411 for Monday, November 2, 2020
- 2020 U.S. presidential elections will be held tomorrow and the options market is signaling meaningful uncertainty.
- The S&P 500 Index closed down about 3% for October. The VIX Index is higher despite the advance in equities and implied volatility risk premiums are near historic wides.
- The VIX futures term structure remains inverted with the index around 38.25. November futures are trading around 34 and the back of the curve is closer to 28.
- VVIX Index is measuring near the 140 level as the relative cost of VIX options increased in the past few days.
To learn more visit Cboe’s website.
