Greece-Induced U.S. Stock Losses Look Overblown to VIX Traders
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Don’t fret too much about the reaction in U.S. stocks to Greece, according to traders in products tracking volatility.
Futures contracts tied to levels on the Chicago Board Options Exchange Volatility Index are showing signs that last week’s swoon, which sent a measure of turbulence surging the most since 2013, was overblown. A popular exchange-traded note whose value appreciates with market calm is attracting the most cash in nine months.