Weekend edition
Final Friday reading and a much requested look at VIX Mix
Friday’s final reading was right on top of the prelim at 38%. Back in the Neutral zone as we head into the first full trading week of 2025.
Several of you VolManiacs have asked for a picture of VIX Mix over time, so below is what we saw for the full year 2024. There were 252 trading days and VIX Mix split its time 28% Bearish (below 35%), 49% Neutral (between 35% and 65%) and 23% Bullish (above 65%).
A few observations:
SPX rallied the first three months with VIX Mix mostly in the Neutral zone. And folks got VIX Mix bullish right before the pullback in April (DOH!)
VIX Mix went from Bull to Neutral before the correction in July/August and was Bear in advance of the August spike.
VIX Mix showed the vol build-up in advance of the November elections and the quick relief rally that followed.
The December Fed fiasco was essentially a real time event though VIX Mix went from bullish (67%) the Friday before to Neutral the two days before (61% then 45%).
That’s it for now. Keep the feedback coming!!
I really like that full year view.