Volatility Views 214: All Things VIX and More

Volatility Review, featuring special guest: Bill Luby from VIX and More. VIX Cash: 12.18; Earnings season and the Fed not injecting substantial volatility into the marketplace VIX Futures: Still surprising premium to cash VVIX: 88.42. Back below 100, but still elevated VIX Options: A light volume week across the board in all products, including VIX Mon: 557k, Tues: 774k, Weds: 338k, Thurs: 566k, Fri: 163k Total 4.95m (3.41m Calls, 1.54m Puts) Earnings Volatility: Big names on the earning docket this week: AT&T (T) Chipotle Mexican Grill (CME) E*Trade Financial (ETFC) Crude Oil: OIV: 39 OVX:39 Volatility Voicemail: Listener questions and comments Question from AL08: IV or HV. Which is most important? Which should I pay attention to? Question from Jack King: What is the primary driver of volatility, skew puts or calls? Crystal Ball: Guess the closing price of the VIX Last Week: Mark L.: 13.25 Andrew: 12.25 Russell: 13.51 This Week: Mark L.: 11.5 Mark S.: 9.5 Russell: 17.35 Bill: 12.71