VSTOXX - the most liquid of volatility futures outside US was practically unchanged over the last week. Hong-Kong markets were closed to trading most of the week for the New Year celebrations (and 新年快乐 to Chinese-speaking readers of this blog) which resulted in abysmally small volume. Nikkei volatility futures are the only market that is in contango right now - not surprising since VNKY was on the rise since December of last year. Unfortunately I don't have information in liquidity, volume, or bid-ask spreads, but or someone who has access to the market VNKY right now provides interesting trading opportunities.
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