RE:Volatility IndexLets see, VIX is at 12 and VIXAug 13.9. Lets say for simplicity, futures remain 20 % higher than VIX. The absolute low for the VIX was 10.3 in the last 2 years. Therefore, lowest for the futures is 12.36. At this time of writing, this means the futures could drop another 10.7 % or double to 21.4 %
My answer comes out to 2.26 - so no way could it fall to 2.25, 2.26 max. I bought some at 2.88 and it looks like I over paid again.
Curiously this year, VIX has only cracked 11.5 as low. If you are not a FOMO person, you may want to try 2.75 or 2.8 as places to bid.
I was pretty sure today they would keep the S&P high - don't want to send out notices that investment is dropping.Now, looking at the most active list, 70 % of the top 10 are in the red (Micron down 5 % and Exxon down 3). Not sure how they are floating a positive number, but watch biotech (BIS or BIB). When BIS falls, S&P will start too fall.