Has anyone started working with this new index? Any ES traders? Any thoughts? Insights?

no but it looks like it really moves!

HiLatencyTRDR HLT 

no but it looks like it really moves!

Indeed! Can't trade it though.


Going to see what does tomorrow. Have it side by side with my usual VIX chart (right & purple vs ES). Seems like it's quite inversely correlated to the ES and responsive. We'll see if it leads and how...

Here's a write-up on VIX1D, what it is, how it works, and some preliminary assessments: https://sixfigureinvesting.com/2023/04/how-does-the-cboes-vix1d-work/

I wasn't paying much attention to it today, but looking at it after the session I see that after the huge AM 70 Pts selloff, when the ES turned back up at 11:30 (showing 8:30 PST on my chart), the VIX1D went up with it all the way (and preceded it on the move up -- ES is blue on the chart).



It does start calculating based on the following day's SPX options data during the course of the day. Could that mean traders are positioned for a move down with the FOMC interest rate decision tomorrow?

Added later: Spotgamma after the close: "One concerning metric here is that the MOC closed at -2.2B sell-side. Generally, any MOC print above a billion is noteworthy. "