By CountingPips.com – Receive our weekly COT Reports by Email
VIX Non-Commercial Speculator Positions:
Large volatility speculators strongly raised their bearish net positions in the VIX futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of VIX futures, traded by large speculators and hedge funds, totaled a net position of -71,829 contracts in the data reported through Tuesday July 17th. This was a weekly reduction of -19,000 contracts from the previous week which had a total of -52,829 net contracts.
Speculative bearish positions jumped by over -19,000 contracts for a second consecutive week and pushed VIX spec bets to the most bearish level since January 23rd when the net position totaled -90,170 contracts.
VIX Commercial Positions:
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The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 74,951 contracts on the week. This was a weekly boost of 10,124 contracts from the total net of 64,827 contracts reported the previous week.
VIX:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX, which tracks the volatility of the S&P500, closed at approximately 12.06 which was a loss of -0.58 from the previous close of 12.64, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article By CountingPips.com – Receive our weekly COT Reports by Email
