Interestingly, while VIX fell on the day (VIX options expiration), yesterday did not see the usual "tomorrow's a holiday/post-FOMC vol selling" we have become accustomed to...
Perhaps it is as simple as the WW3-On/WW3-Off Iran-driven headline uncertainty, keeping risk pricing higher. Or perhaps it is the fact that Friday brings with the largest June options expiration in history...
