One interesting thing to come out of the market today was how unimportant today's action is relative to the next few weeks. On the most interesting SPX movement day in some time, take a look at how the VIX curve moved
ATTENTION: The Options Insider and Option Pit are co-sponsoring a special one day event. Read about it here.
Despite upcoming taper talk, an upcoming employment report, more earnings coming up, and the SPX near an all time high, traders, it appears are not using derrivatives to hedge. VIX option prices, the hedge for many portfolio managers and an indicator of how hot the variance swap market is, are at their lowest prices in two years.