On November 3 the Cboe Volatility Index® (VIX®) closed at 9.14, an all-time record low for both a daily and weekly closing value for the index.
While the news media often focuses on the spot VIX Index, volatility traders analyze the price movements of VIX futures. The prices for VIX futures at the close on November 3 ranged from 10.1 to 16.4.
In light of the fact that the VIX Index recently has been well below its long-term average of 19.4, some observers might question whether there might be too much complacency in the markets. However, it is worth noting that the Cboe SKEW Index usually has been well-above its long-term average of 118.6 in recent months. www.cboe.com/skew.
Investors can learn more about use of VIX futures and options at www.cboe.com/VIX and at upcoming Cboe Risk Management Conferences —
- Cboe RMC Asia. Dec. 5 – 6, 2017 at Conrad Hong Kong www.cboermcasia.com;
- Cboe RMC US. March 7 – 9, 2018 at Hyatt Regency Coconut Point, FL cboermcus.com;
- Cboe RMC Europe. Sept. 12 – 14, 2018 at Powerscourt Hotel in Enniskerry, Ireland www.cboermceurope.com.