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To: gfs_1999 who wrote (276)7/2/2001 3:03:27 PM
From: Les H  Read Replies (3) | Respond to of 1328
 
VIX is undervalued relative to last August. VIX is about 20 now with historical volatility around 15. Back in late August, VIX was at 18 with historical volatility around 9-10. The premium is only 5.

ivolatility.com

OEX has rallied exactly to its 21-day MA today at 640. Rallying above 640 will likely drive VIX and historical volatility lower since the most recent swing was below the 21-day MA.