The CBOE Volatility Index rose about 4 percent yesterday, and the VIX futures followed suit as the S&P 500 fell back below 1400 again.
The VIX ended the session up 0.68 points to 17.56 after dipping into negative territory in the morning and then pushing as high as 17.92. This corresponded to the S&P 500 slipping throughout the day but climbing offs its session lows in the last hour to close at 1391.57, down 10.74 points.
The May VIX futures were up 3.9 percent to close at 18.75, while the June futures rose 3 percent to 20.55.
More than 364,000 VIX options traded, with calls making up 227,000 of that total. The VVIX, or the implied volatility index of the VIX options, fell to a new low near 85 in the morning before perking up and finishing the day at 88.35.
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