Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today focuses on VIX and financial fund news amid monthly options expiration.
Today is of course February options expiration, which may explain some of the bizarre behavior and trading that we have seen in VIX. On mild equity weakness yesterday, we saw the VIX trade as high as $12.86 on an intraday basis, only to reverse and actually close lower on the day.
Today, the VIX is barely above $12 and up about 2%, but keep in mind it had a $10 handle just three trading sessions ago.