As we well know, VIX is not the only measure of Fear in town. CSFB has one too, based on the skew of the SPX options board. Can we glean anything when the two tell different stories? Jason Goepfert suggests yes. So CSFB created a new index that compares the premiums in calls versus puts, di ... Read more

So what's doing in VIX products these days? Upside buying in August says Jamie here. Big 3:1 on Friday where the customer sells 1 Aug 32.5 call vs. buying 3 August 45 calls. As Jamie points out, he'll need the VIX over 49 to make some coin on it. But of course we know not what he has on againt ... Read more

Ladies and Gentlemen, our long National Nightmare has ended. At 10:24 AM, FAS and FAZ kissed at $9.56. The world is right again. We're Back, Back in the New York Groove. Kind of disappointing though. I was kind of picturing the moment they met would be like that scene at the end of Return of the Je ... Read more

Melissa has emerged from maternity leave to....well not whatever she's doing in this picture, but vacation in Miami apparently according to these pics. OK, this from Bloomberg. Options investors are paying twice this decade’s average to protect against losses in U.S. stocks through ... Read th ... Read more