VIX And S&P 500 Diverge – Non-Commercials Actively Cover Net Shorts In VIX Futures

In the latest week – as of Tuesday last week – non-commercials were net short 10,303 contracts. Just three weeks before that – as of October 2 – they were net short 140,444. They quickly covered as the cash began to rally. The S&P 500 began dropping beginning October 3. It will be interesting to see what this week brings. Non-commercials’ holdings as of today will be published Friday. Fingers are crossed. This is potentially another data point that could argue for a drop in VIX near term.

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Disclaimer: This article is not intended to be, nor shall it be construed as, investment advice. Neither the information nor any opinion expressed here constitutes an offer to buy or sell any ...

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