CBOE VIX Volatility Index ends the week on a high.
The CBOE VIX (VXX) finished the week on a high over fears that coronavirus would upend Chinese and global economic growth.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, peaked at 16.16 on a scale of 1-100 where 20 represents the historic average. The so-called “investor fear index” would eventually settle up 3.3% at 15.46.
In stocks, the large-cap S&P 500 Index (SPY) declined 0.3% on Friday.
iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA:VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second month VIX Futures contracts. VXX advanced 1.6%.
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 0.8%.
ProShares Ultra Short Term VIX Futures: (UVXY) UVXY is designed to deliver 1.5X (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 2.3%.
VelocityShares Daily 2x VIX Short Term Futures ETN (TVIX) TVIX is a leveraged VIX ETN that tracks an index of futures contracts on the VIX Short-Term Futures Index. It provides 200% leverage on the volatility moves. TVIX advanced 2.7%.
The Final Word: Coronavirus could accelerate China’s economic slowdown. With more than 31,000 confirmed cases, China’s epidemic is getting worse by the day.