Volatility Views 698: Crazy VIX Calls and More Fun With Perpetual Futures

Volatility spikes are giving traders little time to cash in—but that hasn't stopped someone from scooping up five-cent VIX lottery tickets. Mark Longo, Russell Rhoads and Scott Nations break down a whipsaw week for stocks, the brief return of demand for downside protection and the challenges of capturing gains when VIX rallies quickly fade.

On this episode of Volatility Views, the panel debates whether perpetual VIX futures could bring traders closer to tradable spot VIX—or disrupt the existing volatility market. They also examine unusual VIX options activity, including November 110 calls, deep-in-the-money put spreads and a call ratio spread positioned for a modest volatility rebound.

Plus, Mark explains why he closed out his SVIX position, Scott discusses the new edition of Options Math for Traders, and the panel delivers its latest VIX and VOLI forecasts.

Topics include VIX futures and term structure, volatility skew, election risk, weak market breadth, SVIX, UVXY, VXX and managing bullish volatility trades.