Stock Indexes were mostly down, but spot volatility was down as well. In fact it is surprising how low VIX got on Friday: closed at 15.32, intraday low was below 15! I took the opportunity to buy back a lot of options on cheap and reduce my haircut. Unfortunately at this time I don't see trades with good risk/reward ratios, my plan for the upcoming week is wait and see.
GVZ options debuted on Tuesday, and traded 70 contracts. Futures had no trades this week, open interest is unchanged at 8 contracts. The term structure of futures is practically unchanged for the week, but that means little since there is no trading activity.