Op-Ex Sparks Panic Bid At US Open, VIX Crashes

You just have to laugh really…

It’s quad-witch (options expiration) day and that means “malarkey” in the markets.

Source: Bloomberg

VIX was clubbed like a baby seal into the cash open, back near an 11 handle…

Which sent S&P futures vertical…

What happens next? As all that gamma expires?