VIX Daily Update: Volatility Index Flat-Lines as Stocks Rally
The CBOE VIX holds steady as stocks rally.
The CBOE VIX (VXX) held steady on Monday, as stocks staged another impressive rally.
The Chicago Board Options Exchange Volatility Index touched an intraday low of 22.70 on a scale of 1-100, where 20 represents the historical average. It would eventually settle at the session low, down 1.7%.
In stocks, the large-cap S&P 500 Index (SPY) rose 1.2% on Monday.
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 declined 2.4%.
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 1%.
Sign up for our Newsletter & get the FREE eBook
Retirement Day Trader:
How to Sell Weekly Options for Steady Income
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. UVX declined 3.5%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Monday, more than 54.7 million people had been infected with the novel disease, including 11.1 million in the United States.