By CountingPips.com – Receive our weekly COT Reports by Email
VIX Non-Commercial Speculator Positions:
Large volatility speculators cut back on 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 -36,189 contracts in the data reported through Tuesday June 5th. This was a weekly lift of 8,191 contracts from the previous week which had a total of -44,380 net contracts.
Speculative positions rose to a record high level on April 10th and then saw steadily decreasing positions and a fall into bearish territory on May 15th. The VIX positions have now been in bearish level for four consecutive weeks while this week’s bets stopped a seven-week decline in VIX bets.
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
VIX Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 40,538 contracts on the week. This was a weekly shortfall of -2,403 contracts from the total net of 42,941 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX, which tracks the volatility of the S&P500, closed at approximately $12.40 which was a fall of $-4.62 from the previous close of $17.02, 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