Skepticism Jumps in Options as VIX Rises 70% in Four Days
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Options traders aren’t buying the stock market’s message.
While the Standard & Poor’s 500 Index posted its first gain of the week on Dec. 11, rising 0.5 percent, the Chicago Board Options Exchange Volatility Index also jumped, climbing 8.4 percent to cap its biggest four-day advance since 2011. The two gauges, one measuring share prices and the other anxiety among traders, only move in unison about 20 percent of the time.