Op-Ex Sparks Panic Bid At US Open, VIX Crashes

VIX was clubbed like a baby seal into the cash open, back near an 11 handle, which sent S&P futures vertical.

You just have to laugh really...

It's quad-witch (options expiration) day and that means "malarkey" in the markets.

 

Source: Bloomberg

VIX was clubbed like a baby seal into the cash open, back near an 11 handle...

 

Which sent S&P futures vertical...

 

What happens next? As all that gamma expires?

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