Volatility Traders Abandon VIX Bets as Stock Conviction Vanishes
- Long, short VIX futures wagers slump to near multi-year lows
- ‘Understandable lack of conviction’ on virus fallout: Purves
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Some of the most speculative stock players are jettisoning bets on whether the U.S. market will be driven by fear or greed in the coming months.
As Wall Street frets a rally defying economic gravity, long and short exposures among non-commercial investors on the Cboe Volatility Index have sunk to near multi-year lows, according to the latest CFTC futures data.