The CBOE Volatility Index closed lower by 6.24 percent yesterday, matching its morning low, but losses were much more modest in the VIX futures.
The VIX fell 1.47 points to end the day at 22.09. It was as high as 23.90 in the morning and then quickly fell shortly before noon.
The June VIX futures finished at 23.45, down 1.1 points, or 4.5 percent. The July futures were down 0.9 points, or 3.4 percent, to close at 25.50.
More than 328,000 VIX options traded, with 191,000 calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw more than 148,000 contracts change hands, with slightly more calls than puts.
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