SFY - The Easy VIX: If You're Riding This Market Hope It's Just A Hiccup
Today, I’ll show how the risk characteristics of this market have been evolving over the last six months. I won’t use traditional price charts or volatility assessments; instead, I’ll show a perspective of how risk assessments exhibited by VIX futures traders have been changing.
If you’ve read my work in the past, you’re familiar with the concepts of contango and backwardation of futures curves; if so, you can skip the following chart and one paragraph – but only one.
VIX Term Structure, December 2018 vs. December 2019
Source: Michael Gettings Data Sources: VIXCentral.com, CBOE
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