Daily Options Report

Looks like that VIX Explosion was so yesterday. All that data from Bill earlier though? Still applies, even though 1/3 of that lift has already evaporated.

With the benefit of hindsight, the melt up in the VIX looks like a 1-day outlier. I mean the Fear appears real and exteme, it just also seems to have dissipated quite quickly. I think the bottom line is the memory of 2008 is just way too fresh, and every time it gets a bit ugly, the market expects the worst. But then we remember it's a year later and the action in 2008 was more the exception than the rule.

But we're not here to talk about the past. Been a little lax running VIx bikini's lately.