Futures on VIX are again in a flat state, still in divergence with the S&P500. The position of Commercial decreased (with the reduction of open interest). Further, we can expect the quotes stabilization in the range of $9 – $11.5.
VIX enters the area of the flat movement – open interest grew when the long position of the Commercial group was reduced.
The maximum SP500 index in July was updated, at this time VIX can not update at the minimum (8.84).
At the same time, open interest in the long positions of the Commercial group is growing.
One of the most interesting moments to date …
… the growth of the position of the Commercial group against the background of the growth of open interest indicates the propensity to purchase “insurance” in case of a fall in the stock market.