The VIX is the CBOE (Chicago Board Options Exchange) metric of volatility regarding S&P 500 futures (SPX).Currently, the VIX is trading near it’s lowest levels since 2008, allowing bear traders and bull hedgers an attractive entry point for some risk or insurance in their portfolios.

What is Quad Witching? Generally there’s a great deal of confusion concerning the term “quad witching” and what this day may constitute in financial markets. As a result, we would like to take this Quad Witching Friday, March 19, 2010, and demystify the phenomenon once and for all. “Witching” signifies the expiration of an entire group of
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