VIX Made a New Low This Morning (14.86), Futures Curve Update

At 9:32 this morning, VIX cash tumbled to 14.86, below the April 2010 low (15.23), but quickly recovered. It closed at 15.84. Was that a mini VIX flash crash? It hit a low of 8.23 in December 2006. Jamie Tyrrell of OptionMonster gave an update on the VIX futures curve in the video below. VIX contango is tightening and in the 20s.

The VIX (Volatility Index) "is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices." (CBOE). Click the image for a larger view, courtesy of