It's called controlled selling. The futures were propped up, so the funds could unload because next week is going to be ugly.
Investors buying puts as cheap insurance over the weekend. If they're long stock and something major happens over the weekend, their profits are covered. If the market rallies again Monday and Tuesday, VIX will drop significantly compared to Thursday and Friday (dropped 0.46 in 2 days I think?).Quote from sirgiyan:
Also, on friday we have closed near the day's highs BUT VIX has also closed at the day's highs...
If anyone would care to explain this to me I would be sooooooooo grateful...
Thanks
Quote from 4444CJones4444:
Investors buying puts as cheap insurance over the weekend. If they're long stock and something major happens over the weekend, their profits are covered. If the market rallies again Monday and Tuesday, VIX will drop significantly compared to Thursday and Friday (dropped 0.46 in 2 days I think?).