While volatility across multiple asset classes has increased steadily over recent weeks—something we have all observed—the VIX index, which reflects equity market volatility and more specifically options on the S&P 500 maturing within 30 days, has remained relatively subdued. To be fair, the VIX has attempted to rebound a couple of times over the past […]
Last week saw a sharp decline of 22.23% in Natural Gas futures (NGAS), with prices falling to $4.113 per MMBtu (million British thermal units). What drove such a pronounced move? First, a preliminary clarification is warranted. Commodities exhibit materially higher volatility than equities or FX. This is readily observable in instruments such as crude oil […]
