Prospects for tomorrow are muted. May options expire the end of this week and we can expect the usual volatility surge as traders rollout, rebalance and attempt to drive prices to pin strikes. If you think that doesn't happen...think again.
Finally, see the new M3 volatility based sort below that combines volatility indices as well as ETN products tradeable in the same fashion as ETFs and stocks. This is just a little research project based on the thinking that if we examine the wider spectrum of volatility metrics related to SPY we may get a clearer consensus of how volatility products are likely to perform in the short term (<7 days in this case).
