Vix Update August 13

With a firm opening in the broad market the Vix collapsed to a new low for the past few months, trading at 14.07 off the opening. It has since rebounded a bit (14.51) where it is currently. While the path of least resistance usually is up, there is nothing on the horizon this week that is likely to spark such a rally, which is reflected in today’s open. Tough trade in the vol world.