OctaFX | OctaFX Forex Broker
Open trading account

Options indicate VIX will fall

FXStreet (Mumbai) - The Chicago Board Options Exchange (CBOE) Volatility Index (VIX)has tumbled tracking a sharp recovery in the equity markets that saw S&P 500 index posting its biggest single day rally yesterday since October 2013.

The VIX index has declined more than 48% from the high of 31.06 hit last Wednesday. The index is trading 0.25% lower at 16.04 levels today. Moreover, in the options markets, bets are increasing that the VIX would continue to fall. The VIX options data indicate ownership of VIX put options has increased to a record high of 3.54 million contracts this week.

CBOE VIX Techncial levels

The index is back in the July-September range of 18.00 to 11.00. VIX may rise to 20.00 levels if the upper end of the range is breached. Meanwhile, the index can fall to 14.00 levels if the immediate support of 15.38 is taken out.

United States EIA Crude Oil Stocks change fell from previous 8.923M to 7.111M in October 17

Read more Previous

Precious metals decline

The precious metals pack is trading lower in the US session today after the official data in the US showed a surprising increase in the price pressures in September.
Read more Next
Start livechat