​Thursday, June 25 – VIX Roll Downs Spied; Kanoun Joins Tell

The listed markets seemed to take vacation early today, as low volumes followed the last day for most U.S. schools for the summer break. BAC saw the most action, with one investor entering a Jan 2016 17 straddle on the stock. Investors are also looking at CBOE VIX roll down trades, as lower volatility levels move many to tidy up portfolios until the next round of earnings after summer. In the people and firms section, Yacine Kanoun, former proprietary trader at UBS, has joined Tell Group.