Futures on the JSC VTB (VBU9): futures on OJSC VTB in the morning is the positive basis (30 points), at 12-00 Moscow time podrastaya at 4% (Fig. 1).

Figure 1. VTB. Bazis within days.

The number of open positions has declined compared to the morning opening at 4000, and at 12-00 Moscow time the value of this indicator was 68 500 (Fig. 2).

Figure 2. VTB. Open positions within days.

In the medium term, the market remains in the descending trend. Volatility September putov outside money a little higher than the September call volatility of outside money. Thus, at the current market, we again see a volatility smirk with distortions in the putov (Fig. 3), which indicates that the downward movement should be resumed.

Fig 3. VTB. Exchange IV within days.

If you talk about the number of open positions, the maximum number of remains VB2250AU9 (put max, Fig. 4) and VB4000AI9 (call max, Fig. 4) страйках, the absolute values for these страйках do not focus on these levels as at full form.

Figure 4. Levels optional support /resistance.

The most likely scenario: consolidating below 3500 levels with a view to follow 2250.

Least likely scenario: the resumption of growth from 4000.

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