VIX Speculators Boosted Their Bearish Net Positions Again This Week
Zachary Storella | Jul 29, 2018 02:14AM ET
VIX Non-Commercial Speculator Positions:
Large volatility speculators continued to add to their bearish net positions in the VIX Futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of VIX futures, traded by large speculators and hedge funds, totaled a net position of -86,161 contracts in the data reported through Tuesday July 24th. This was a weekly reduction of -14,332 contracts from the previous week which had a total of -71,829 net contracts.
The speculative bearish position continued to increase for a third straight week and for the fifth time out of the past seven weeks. The current standing is now at the most bearish level since January 23rd when the net position totaled -90,170 net contracts.
VIX Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 92,914 contracts on the week. This was a weekly increase of 17,963 contracts from the total net of 74,951 contracts reported the previous week.
VIX:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX, which tracks the volatility of the S&P 500, closed at approximately $12.41 which was an uptick of $0.35 from the previous close of $12.06, according to unofficial market data.
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