“We were very nervous, and rightfully so, about Europe,” said John Farrall, director of derivatives strategy at PNC Wealth Management. “Now earnings have taken the forefront of attention, and corporate profits are supposed to be good.” [Dow ETF Rallies to 2011 Gain as VIX Plummets]
“We point out that VXX options also have been exceptionally active in recent sessions amidst the plunge in the VIX, which has corresponded with a broad based rally in the equity markets,” Weisbruch added.
iPath S&P 500 VIX Short Term Futures ETN
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Max Chen contributed to this article.