Vol411 for Thursday, September 17, 2020

Host: Jermal Chandler, Senior Instructor, Cboe Options Institute

· The market reacted negatively to yesterday’s Fed comments about a slow economic recovery and decision to keep interest rates at 0% until 2023. The S&P 500 Index is down 1%, at 33.50.

· Initial jobless claims were released this morning. The number of people filing for jobless benefits declined to 850,000, while continuing claims declined from 13 million to 12 million.

· The VIX Index is currently at 27.50, and there have been meaningful changes on the VIX futures curve. The November VIX futures are now the highest on the curve at 30.92, after months of October at the peak.

To learn more visit Cboe’s website.

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