Volatility Views 698: Crazy VIX Calls and More Fun With Perpetual Futures
Summary
Hosts Russell Rhodes and Scott Nations analyze a volatile week marked by a sharp sell-off in AI stocks following OpenAI revenue reports, which quickly reversed. They discuss the VIX term structure, noting that while cash VIX remains low, the market is pricing in higher volatility for Q1 due to midterm election risks and geopolitical tensions. The episode also covers the potential launch of perpetual VIX futures and reviews unusual VIX options trades, including massive interest in deep out-of-the-money calls and puts.
Topics discussed
Introduction and network promotion
Host banter and show setup
Weekly market review and AI revenue impact
Analysis of S&P breadth and tail risk puts
Discussion on market highs and VIX levels
VIX term structure and futures spreads
VIX futures announcement and book promotion
Debate on perpetual VIX futures and market structure
Top 10 VIX options open interest review
Russell's weekly rundown of VIX trades
Listener poll results and daily VIX volume
VIX call skew and political calendar impact
Volatility ETPs: SVIX, UBXY, and VXX
Crystal ball: Hosts' VIX predictions for next week
Outro and promotional segments
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