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Repost from AU Thoughts
Based on this, after the VIX options settlement, VIX is seeing renewed buying pressure and continuing to form a new round of call skew. The options settlement usually takes only around 10 to 20 minutes, so this impact has already occurred at the open. This also aligns with fundamental traders buying VIX into the Chinese Presidentβs visit to the US and the possibility of a sell the news reaction, while the broader macro fundamental backdrop is also deteriorating. Overall, VIX should rise. If there is no major positive catalyst tomorrow, SPX should continue to pull back
