On the first day of trading at @Cboe in 1973 911 options traded. First day of $VIX futures in 2004 saw 461 contracts traded. 3 hours into the first #bitcoin futures session and volume is just over 1000 contracts.
$VIX averaged 26.40 for the first half of 2022. This was the 13th year since 1990 that VIX averaged over 20 for the first half of the year. Historically the subsequent second half average for VIX is over 20 as well.
Bold prediction - tomorrow $VIX moves back over 20.00 - typically there is a bit of a tailwind for VIX following a 3 day weekend. Table has a little history of VIX price action on first day after long weekend versus price action on the first day after a two day weekend.
The 1-Day $SPX at-the-money straddle overpriced the daily move all five days last week. I think that's a first since daily options were launched last year.
Of Interest - Buyer of 25,000 $VIX Nov 50 Calls at 0.80 today - I think they are opening based on the historical trading action in this specific contract.
Anyone want some reading material? Here'a link for the filing for a new ETF that'll be just like $TVIX - it's not a replacement, just a new 2x $VIX futures product using an ETF structure - cdn.cboe.com/resources/regu…
I created a quick video for my derivatives class at @LoyolaQuinlan discussing the #silversqueeze from 1979 - 1980 that the Hunt Brother orchestrated. Maybe worth a watch before trading kicks off this week. $SLV