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While the VIX volatility index may be recording record lows, the longer dated costs of the protective PUT options has reached six times the historical average.
For our market today, the futures suggest a flat to weaker open with the futures index down ten points following a flat session in the US.
In our commodities space we may see the oilers come under some selling pressure today. Gold stocks find further support with gold trading $4.80 higher at $1234.11.