Volatility Views 391:  Once More Unto the Breach




Volatility Views show

Summary: VOL REVIEW HOT ON THE HEELS OF THE WORST SELLOFF SINCE 1987 CME CLOSED ITS TRADING FLOOR TO START THE WEEK NOW CBOE IS FOLLOWING SUIT SPIKES: 70 VIX CASH: 72.4 VVIX: 178.50 HOT VOL POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOL VMAIL IF THE MARKETS ARE SHUT DOWN DUE TO THE EXTRAORDINARY CIRCUMSTANCES AND I HAVE EXPIRING IN THE MONEY PUTS THAT I BOUGHT - WHAT HAPPENS? ARE THE EXPIRING OPTIONS AUTOMATICALLY EXERCISED OR ARE DO JUST EXPIRE WORTHLESS BECAUSE THE MARKET WAS SHUTDOWN?