What we are seeing in Options Markets: Volatility is cheap!
Volatility continues to drop as we inch towards 1Q earnings season. The VIX is currently on track to hit 13 while the 30-Day implied volatility for the macro ETFs we track are also falling below fair value.
Notably, surprised to see 30-day implied volatility for iShares MSCI Emerging Markets ETF (EEM) so cheap! EEM currently has a "BUY" trading signal and this one we will be tracking closely.