VIX Speculators pushed their bearish bets higher for 7th time in 8 weeks

August 3, 2019

August 3rd – By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators continued to raise 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 -144,314 contracts in the data reported through Tuesday July 30th. This was a weekly change of -12,047 net contracts from the previous week which had a total of -132,267 net contracts.

The week’s net position was the result of the gross bullish position (longs) sinking by -3,324 contracts (to a weekly total of 116,711 contracts) and combined with the gross bearish position (shorts) which increased by 8,723 contracts for the week (to a total of 261,025 contracts).


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Large speculators resumed their bearishness for the VIX this week following a brief cool off last week. The gain in bearish bets is the seventh time out of the past eight weeks and the twenty-third time out of the thirty weeks that data has been published in 2019.

This week’s total of -144,314 net contracts is the highest level since May 7th which was one week after bearish bets had hit a record high of -180,359 contracts on April 30th.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 151,570 contracts on the week. This was a weekly increase of 4,436 contracts from the total net of 147,134 contracts reported the previous week.

VIX Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX Futures (Front Month) closed at approximately $15.07 which was a gain of $0.30 from the previous close of $14.77, 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).

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