CBOE VIX Volatility Index rises as investors shift their focus to corporate earnings.
The CBOE VIX (NYSEARCA:VXX) rose on Monday, as the stock rally came under pressure at the start of first-quarter earnings season.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, reached a session high of 13.14 on a scale of 1-100 where 20 represents the historic average. VIX would later settle at 12.36, having gained 2.9%.
In stocks, the large-cap S&P 400 Index (NYSEARCA:SPY) declined 0.1%.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 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 declined 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 declined 2.8%.
The Final Word: Volatility remains extremely subdued based on the historical average. This is unlikely to change without an inexplicable drop in corporate earnings.