Unusual Options Activity In iPath B S&P 500 VIX S/T Futs ETN (VXXB)

So just in a couple of trading days, we had German manufacturing activity growth the weakest in six and a half years.  Across the pond in the US, PMI fell to its lowest level in nearly two years.

Saying on the US side of things, Fed Powell left interest rates unchanged last week, signaling that the US economy isn’t as strong as people thinks.  And for the first time since 2007, the three month bill vs. the 10 year note inverted.

This caused the Dow Jones industrial average closed down 460.19 points, or about 1.8%, to 25,502 and the CBOE Volatility Index

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