$VIX, the CBOE Volatility Index, is expected to reach a 10 handle by the end of the quarter due to Vanna flows and upcoming holidays. VIX futures are down, potentially leading to a crush in implied volatility. The index is close to breaking under 12, hinting at a positive gamma environment and a possible dip-buying trend. It is nearing a new closing low, last seen in November 2019, with the potential to drop below 11 for the first time since August 2018.
$VIX is just a few pennies away from making a new closing low last seen on November 2019. And if it closes below 11, would be August 2018 since that happened. Fwiw.
VIX futures down another 1% after PPI, wa a great clue yesterday into the close as IV's stay soft, just alot of 0 DTE trading pushed the tape down after Powell. Clear strong positive gamma environment and just 5 days til triple witching opex now.. https://t.co/7ako8XG5rm
$VIX nearly prints a fresh cycle low. Back under 12. Have a great summer, everyone. https://t.co/DX7rp3hlP5
$VIX 11 handle
VIX about to crack under 12.00, sure feels like dips will get bought into expiration next week.. Easy to overanalyze these days but all about the weekly candle close
VIX futures -3% into FOMC, barring a curveball should get a IV crush continuation and strong internals today in trend up day mode should see dips get bought
$VIX going to 10 handle by end of quarter likely based on vanna flows and a holiday next week really should smash realized vol's lower.. making for very tight intraday ranges after today