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