The CBOE Volatility Index, VIX futures, and S&P 500 were all higher at the end of yesterday's session, suggesting that concern is creeping back into the market even as it rises.
The VIX ended the day at 15.99, up 0.04 points after falling to 15.48 just before lunch. The S&P 500 finished the day up 7 points to 1401, its first close above 1400 since May 2. The two indexes typically move inversely, but they have departing from that norm in the last two sessions.
The August VIX futures were up 0.80 points, or 4.75 percent, to 17.65. The September futures climbed 0.70 to close at 19.70.
The VIX options traded 269,000 contracts, 204,000 of which were calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw more than 184,000 options change hands, but 110,000 puts dominated that activity.
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