Volatility knocked lower into the long weekend

With equity indexes seeing minor opex price chop to conclude the week, the VIX - as is often the case, was knocked lower in the closing minutes of the week, to settle -0.3% @ 12.49. Across the week, the VIX gained 2.9%. VIX 20s look unlikely until the late spring.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a typical 'whack the VIX lower into the weekly close' event.
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There is little to add on the VIX, which remains stuck in a very tight range of 14/11. Even the 15s look out of range for some weeks. Baring some spurious news event, the 20s do not likely for a few months.

I will note, if we do see a sig' equity correction this summer/autumn, I would be seeking a VIX in the 35/45 zone..although the 40s..sure do look...difficult.
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more later..on the indexes