In Tuesday’s trading the S&P 500’s intraday range came in at just 0.37%, pushing the 50-day average intraday high/low range down to 0.523%, which is the lowest level since at least 1983 when our historical database begins. Tuesday, also marked the 50th straight trading day that the S&P 500 went without an intraday trading range of 1% or more. The chart below shows streaks where the index went without a 1% intraday range, and the current streak is far and away the longest on record since at least 1983 (when our data begins). Now, that’s a lack of volatility!
Yeah.. what's it today? ES future high low spread was 35 so that's almost 1.5%... must have been silence before the 'storm'. FYI daily moves of 1% warrants an IV of 19....