Volatility Views 391: Once More Unto the Breach

Volatility Views 391:  Once More Unto the Breach HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: SIMON HO, CEO, T3 INDEX   VOLATILITY REVIEW SEGMENT HOT ON THE HEELS OF THE WORST SELLOFF SINCE 1987 A HISTORIC WEEK FROM ANY PERSPECTIVE! CME CLOSED ITS TRADING FLOOR TO START THE WEEK NOW CBOE IS FOLLOWING SUIT AFTER TODAY SPIKES: 70 - UP 23 FROM  LAST SHOW VIX CASH: 72.4 - UP 24 POINTS FROM LAST SHOW VVIX: 178.50 - UP 51.5 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM MIKE WIENICK: IF THE MARKETS ARE SHUT DOWN DUE TO THE EXTRAORDINARY CIRCUMSTANCES AND I HAVE EXPIRING IN THE MONEY PUTS THAT I  BOUGHT - WHAT HAPPENS? ARE THE EXPIRING OPTIONS AUTOMATICALLY EXERCISED OR ARE DO JUST EXPIRE WORTHLESS BECAUSE THE MARKET WAS SHUTDOWN? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 61.5 SEBASTIAN: 56.25 SIMON: 55