Market News

November 20, 2013  Wed 9:07 AM CT

The November VIX futures settled this morning at 14.12, well above yesterday's close and above the range of the spot volatility index today.

The VIX is down 0.06 to 13.33 right now. It jumped to 13.94 at the open, but this all comes with the S&P 500 higher and in a very tight 3-point range. The VIX and the SPX typically trade inversely.

It is important to remember that the futures settlement is based on the traded prices of the SPX options at the open, while the spot VIX is based on the midpoint of the bid/ask spread.
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