The CBOE Volatility Index finished yesterday at its session low as the S&P 500 closed at its highs.
The VIX ended the day at down 3.09 points to 22.01, a 12.3 percent decline. The SPX continued to climb right through the afternoon, picking up more than 20 points on the day, or 1.6 percent, to close at 1315.99. The two indexes usually move inversely.
The June VIX futures fell even more than the volatility index, down 3.95, or 14 percent, to 24.25. The July VIX futures were down 2.30 points to 25.85.
The VIX options traded more than 445,000 contracts, 268,000 of which were calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw more than 238,000 contracts change hands, with calls slightly outpacing puts.
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