Vol411 for Monday, November 30, 2020

Host: Kevin Davitt, Senior Instructor, Cboe Options Institute

· As of recording, the S&P 500 Index (SPX) is right at 3,600. This is about 9% higher for the month, setting November to be the second-best month of the year. The small-cap Russell 2000 Index also had a successful month and is up 18%.

· Last week, volatility measures fell across the board. SPX 30-day realized volatility declined to 20% and 30-day forward volatility based on SPX options fell to 16.6%. The VIX Index also fell last week to just below 21, the lowest weekly VIX Index closing level since February 21, 2020.

· The VIX Index is just over 22, at the time of recording. The VIX futures curve remains mostly flat with December futures trading at 23.30 and January futures at 25.20. The first half of 2021 remains steady.

· This week: Biden team plans to nominate Janet Yellen as Treasury Secretary, economic data on pending home sales and manufacturing data will be published, Beige Book will be released on Wednesday, followed by the weekly unemployment numbers and finally, the monthly jobs report.

To learn more visit Cboe’s website.

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