Volatility Review: A look back at the week from a volatility perspective.

• VIX Cash: 12.82, lower than expected.
• VVIX: 86, back below 100 but still elevated.

Russells Weekly Rundown

• VIX Weeklies updates
• VIX Options: Mon: 461K, Tues: 233K, Weds: 475K, Thurs: 905K
• Total 8.12m (5.46m Calls, 2.67m Puts)
• Barclays breaks down best Vol trades in June.
• Crude Oil
• Gold

Volatility Voicemail: Listener questions and comments

Question from Vegas: Regarding VIX, we were at all-time highs in ES when we made the top of the yearly range and VIX was at a low level around 10. Now we're higher and VIX can't break 13.50 to the downside. What’s the deal?

Crystal Ball: It's time for everyone's favorite game, where will the VIX close?

Last Week:

• Mark L.: 15
• Mark S.: 13.5
• Russell: 16.27

This Week:

• Mark L.: 13.25
• Andrew: 12.25
• Russell: 13.51