CBOE VIX Volatility Index rises as attention shifts to trade.
The CBOE VIX (NYSEARCA:VXX) advanced on Monday, as stocks flipped red after China narrowed the scope of its forthcoming trade talks with the United States.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, peaked at 18.52 on a scale of 1-100 where 20 represents the historic average. VIX would eventually settle up 3.5% at 17.64.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) declined 0.5% on Monday.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined 0.6%.
ProShares Ultra Short Term VIX Futures: (NYSEARCA:UVXY) UVXY is designed to deliver 2X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY advanced 1.8%.
VelocityShares Daily 2x VIX Short Term Futures ETN (NYSEARCA:TVIX) TVIX is a leveraged VIX ETN designed to deliver 2X the returns of the daily S&P 500 Short Term Futures Index. TVIX advanced 2.3%.
The Final Word: Trade talks between the U.S. and China are back in focus this week. Face-to-face deliberations are set to resume in Washington Oct. 10-11.