Volatility Review: Nonfarms and volatility.

Looking back on Q1:

• VIX High - on Jan. 20, Low - 13.06 on March 30, VVIX High - 121.15. VVIX Low 77.29. The great crushing - VIX Cash falls 50% in about a month. Did the VIX fall too far, too fast?
• VIX Options: A fairly light volume week. Total 6.85m (5.26m Calls, 1.59m Puts)
• Crude Oil: OIV/OVX - 46
• Gold: GVZ - 18.50, well off recent highs.

Volatility Voicemail: Question from ChaChing - How does last month's VIX backwardation streak stack up to the run above 20 last year?

Crystal Ball: Where do the hosts think that VIX will close on Friday? Andrew: 13.01, Mark throws caution to the wind and says 12.00.