There are now S&P options that expire each day of the week. This could be interpreted as:
Elliott Wave International
Here’s a Wall Street Journal headline from a couple of months ago that some people may have scanned without much contemplation (Jan. 11):
VIX, Wall Street’s Fear Gauge, Extends Longest Lull Since 2021
Elliott Wave International sees a subdued VIX as highly significant. While investors may not find it to be very important, As we’ve repeatedly stated: prolonged periods of low volatility in the stock market are inevitably followed by jumps in volatility — and often, those jumps can be quite high.
With the “lull” in the VIX so extended, the next surge higher in volatility may be Exceptionally High quality and lasting for an extremely long time.
Yet, there’s at least one more strong reason to expect a super surge in the fear gauge.
This chart and commentary come from the March Elliott Wave Financial ForecastThe publication provides analysis on major U.S. financial market:
The CBOE Volatility Index (VIX) is purportedly a measure of expected future volatility in 30-day S&P 500 index options, but in fact it’s a real-time reading of complacency vs. fear. The index dropped to 17.06 by February 2, 2009.
