Daily Options Report

Speaking of Fun With Numbers, I'd note another Monday where the VIX overstates the pathetic day for options. The VXX, down about 2.2% with the VIX unch., tells a more realistic story. VXX moves a bit less than half the VIX on a typical day, so that implies roughly a 4% dip.

Bottom line is a relatively modest gap that fills pretty quickly isn't exactly going to terrify options shorts from selling.

Bought a little ERX vs, the position I notes Friday, then sold half back out around here. Always easier to buy tranche's on gaps in hindsight, lmao.