The CBOE Volatility Index closed at its low of the day as the S&P 500 pushed back near its highs of the year.
The VIX was down 0.34 points, or 2.3 percent, to 14.29. The SPX gave up a few points into the close but was still finished higher by 9.98 points at 1415.51. The two indexes are inversely correlated.
The VIX futures were all lower. The August contracts, which have just a few trading days left, were down 0.30 points to 15.90. The September futures were down 0.35 points to 18.65.
More than 446,000 VIX options traded, 252,000 of which were calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw 242,000 options trade, also with calls slightly outpacing puts. The VVIX Index, which measures the implied volatility of the VIX options, slipped 2.3 percent to 95.65.
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