The volatility index closed at its lows on Friday as stocks pushed higher.
The VIX declined 0.79, or 4.9 percent, to 15.18. The S&P 500 moved in the opposite direction, testing 1398 shortly after the open, then rebounding 9 points to end the week at 1411.13.
The September VIX futures lost as much as the spot VIX, shedding 0.75 to close at 18.55. October futures were down 0.45 to 21.15. The iPath S&P 500 VIX short-term futures note (VXX), which tracks those two futures, dropped 4 percent to $11.33. VXX remains close to the all-time intraday low of $11.02 set on Tuesday.
VIX options saw volume of 255,000 contracts, with calls outpacing puts by more 3 to 1. Not far behind were the VXX options with turnover of 189,000, including 125,000 calls.
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