Volatility Views 234: The Baskin Robbins of Volatility Skew

Volatility Review: A look back at the week from a volatility perspective VIX Cash: 12.3 VVIX: 91 VIX Futures are about 2.5 handle premium between cash & Jan futures. VIX Options: 845K contracts on Tuesday lighter volume the rest of the week. Total 7.79m (5.49m Calls, 2.30m Puts) Oil: Crude Vol continues to be crushed with OIV/OVX at 30. Volatility Voicemail: Question and answer time #QuestionOfTheWeek: Financial advisors represent the last options frontier. What level of options knowledge do you expect from your advisor? None - I'll do it myself Level 1: Buy Puts/Calls Level 2: Income & Vol Level 3:Option Specialist Question from Hitman - Is the crab priced in yet? What about black swan events? Any options indicators shooing one of those may be on the horizon? Question from Vegan - You mention the Fed with regards to equities. Should the Fed really care about what the market is doing? Crystal Ball: In which the hosts guess the close of next week's VIX Last Week: Mark L. - 12.25 Mark S. - 11.5 Russell - 13.5 This Week: Mark L. - 11.75 Andrew - 12.55 Russell - 13