Volatility Views 128: Gold Skew Palooza
Vol Review: An update on the Alibaba IPO fury. VIX cash: High: 14.53. Low: 11.73. VIX futures: September settlement at 13.03 - right in the middle of the range.
VIX options- hot strikes:
281480 VIX Oct-14 16.0 Calls
253852 VIX Oct-14 17.0 Calls
248014 VIX Oct-14 20.0 Calls
4.4/1 Calls over puts. Paper sells OCT 18/21 call spread 16, 020 times for $0.18. Paper buys 5k DEC 25 calls for $0.67.
VXST Top OI Positions:
1000 VXST 10/1 12.0 Puts
800 VXST 10/1 25.0 Calls
500 VXST 9/24 14.0 Calls
Gold/metals vol: Gold skew looking somewhat steep to the downside.
Volatility Voicemail: Listener questions and comments
Question from John King @jking321 - Could you do a show with an in-depth discussion on LiveVol vs IVolatility vs? Costs/benefits over std broker data etc. Thanks!
Question from Indy04 - This might be a strange question but does implied volatility always exist? Are there options out there that essentially trade at their rea