April Joyner of Reuters and I caught up to discuss the volatility landscape after the election.
Implied volatility has been coming down and contango, the relationship between the front month at-the-money implied vols vs the next months out, is getting back to normal. Normal for contango is positive when the front IVs are below the back IVs. For a couple of weeks, contango went negative.
April's article can be found HERE
Since I was quoted using surfer speak, here's a video for you: