VIX Daily Update: Volatility Rebounds from Yearly Low
The CBOE VIX Volatility Index edged higher on Monday.
The CBOE VIX (VXX) traded higher on Monday, as the S&P 500 pulled back from its record high.
The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, reached an intraday high of 18.61 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 6.4% at 17.29.
In stocks, the large-cap S&P 500 Index (SPY) declined 0.4% 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 advanced 3.7%.
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 1.8%.
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 advanced 5.8%.
The Final Word: The U.S. economy is slowly recovering from the COVID-19 pandemic. As of Monday, more than 31.7 million people had been infected with the disease.