I frequently look at VIX pricing relative to /VX futures front month pricing to determine whether "local volatility" (i.e., volatility on time frames less than /VX futures back months) is "overpriced." So, what do VIX, /VX futures, and VIX pricing relative to the futures tell us?
VIX was 16.19 at Friday market close vs. /VX Nov futures priced at 16.64; Dec at...
