CBOE VIX Volatility Index rises on Monday, snapping three-day skid.
The CBOE VIX (NYSEARCA:VXX) rose on Monday, as stocks came under pressure following last week’s impressive rally.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, notched a session high of 16.13 on a scale of 1-100 where 20-25 represents the historic average. The so-called “fear index’ would eventually settle at 15.32, having gained 2.1%.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) finished flat 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 advanced 0.3%.
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 1.3%.
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 1.7%.
The Final Word: Economic data, monetary policy and trade speculation headline an active September for stocks. In this environment, stocks are likely to face renewed pressure.