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The $VIX futures have been consistently dropping, indicating a potential mid-week bounce. Recent data shows the October $VIX FUTURES contract priced just above $18, influenced by the upcoming November presidential election. Currently, the $VIX is below 12.7, hitting fresh lows around 12.50 as volatility decreases towards month end.
$VIX fresh lows of the week back to 12.50, really seeing volatility dampen into month end with next week just 3.5 trading days... thats a hefty theta bill for long option holders
$ES -- Trading inside Daily 1's just above Weekly 1 https://t.co/GxcV30frhH
$VIX below 12.7 now