VIX spot is basically unchanged compared to last week, but VIX futures continued lower. Last week’s weekly range in the SPX was between 1672 and 1693, and this week’s range was between 1676 and 1699. Only 21 and 23 point weekly ranges over the last 2 weeks (less than 1.5% of SPX spot), a sign of just how low realized volatility has been.
Here is last week’s snapshot:
Compare that to today’s snapshot:
Another quiet week, and another grind lower in VIX Futures week over week. August to Mar14 VIX Futures are all down 0.5-1 point. Enjoy the weekend.