Volatility Views 65: Contango Tango

Volatility Review: The VIX is back at 14. We're definitely in a lower volatility environment. The May futures are currently trading around 24, which is almost three times current S&P realized volatility. Not much movement in NASDAQ.  Volatility Viewpoint:  Today's guest is Mike Cavanaugh, president of Know Your Options, Inc. Mike talks about hedging stock portfolios with options and volatility products, the trouble with opening rotations, and more.  Crystal Ball: Don't expect much to happen in the next week or so. Non-farms and the VP debate upcoming.