Markets continue to smash expected moves
Low VIX ?
—Volatility futures are in massive contango
—VVIX
—big time skew still prevalent
Why are interest rates falling?
—xlf
—xle
—bond outlook
Strategy Session–
–Sell premium
–shift risk to underlyings with higher IVs
–mitigate downside exposure with VIX vol spreads
SPX Expected Move
–last week– 53.25 (expected move) SPX
–next week– 42.39
