Options Market Target 5900 Ahead Of Today's OPEX
SPX just may rip your face off before the U.S. election
Both realized and implied volatility remain supportive for the SPX with the 1m rV declining quite substantially. 1m rV has a tight correlation with the VIX which suggests the VIX has room to move lower.
According to the volatility-adjusted trading range, with the VIX at 19.1, it's probable range is 22.57/16.01. The VIX does remain in a bullish trend.
Learn more about the trading ranges here.
