Volatility Views 698: Crazy VIX Calls and More Fun With Perpetual Futures
Summary
Volatility Views reviews a volatile week where markets recovered from an AI revenue shock, with guest Scott Nations discussing the overreaction and rising interest in deep out-of-the-money puts. The hosts analyze the VIX term structure, noting that longer-dated futures are drifting lower despite upcoming midterm elections and geopolitical risks. They also debate the potential launch of perpetual VIX futures, with Nations expressing concern that such a product could disrupt the existing market structure. Finally, the episode highlights unusual VIX options activity, including massive trades i…
Topics discussed
Intro and network promotion
Host banter and show setup
Weekly market recap and AI revenue news
S&P breadth and tail risk put activity
Market highs and index strength discussion
VIX term structure and futures spreads
VIX futures outlook and midterm impact
Book promotion and VIX calculation nuances
Perpetual VIX futures and market structure
VIX options top 10 open interest review
Russell's weekly rundown introduction
Analysis of specific VIX option trades
Unusual VIX call activity and margin relief
Tail risk monetization and strike analysis
Daily VIX options volume and strikes
VIX call skew and political calendar impact
Volatility ETPs: SVIX, UBXY, and VXX
Short vol risks and crystal ball segment
Next week's VIX and Volatility forecasts
Outro and host sign-off
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