CBOE Volatility Index $VIX surges to highest level of fear since Halloween 👻🎃
Source: Barchart
There were winners today...
VIX 17 call expiring tomorrow (Wednesday) was basically worthless earlier today... Source: TME, Refinitiv
VIX panic kicking in.
VIX has not closed here since the melt up started in late October 2023. You do not compare volatility to trending assets over time, but the shorter term chart shows a clear picture. VIX panic is here. Source: TME, Refinitiv
“Volmageddon” is not a Word in the Dictionary.
This term is a blend of "volatility" and "Armageddon," and it refers to a significant and sudden increase in market volatility. It specifically references an event on February 5, 2018, when the stock market experienced a sharp increase in volatility.The previous time the skew reached such a low level was on that exact day, mere hours before Volmageddon caused the VIX to skyrocket, moving it from a serene level of 14 to a heightened state of 40. source : zerohedge
A Trader bought 50,000 CBOE Volatility Index $VIX April expiry 50 strike calls for $0.21 which is a total premium of just over $1 million.
Source: Barchart
The volatility index, $VIX, is up 14% to kick off the first trading day of 2024. This puts the $VIX on track for its biggest daily jump since October 13th
Source: The Kobeissi Letter
The $VIX currently stands at 12.07, its lowest close since November 2019
Soruce: Charlie Bilello
Some investors are worried about VIX index being too low, i.e markets are too complacent
The chart below is a good reminder that a "low VIX" is a normal part of bull markets. Investors seem to always forget this. Source: Mark Ungewitter, Ryan Detrick
