The CBOE Volatility Index finished the day down along with the S&P 500, but the VIX futures were higher.
The volatility index fell 0.08 points to 24.06 after spending most of the morning above 25. It usually moves inversely to the SPX.
The June VIX futures followed the volatility of the spot VIX but ended up 0.30 points to 26. The July contracts were even higher, up 0.40 points to 27.30.
More than 437,000 VIX options traded, 307,000 of which were calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) traded 169,000 contracts, with 99,000 puts.
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