VIX Spikes Following Stock Selloff

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March 13 (Bloomberg) –- Group One Trading VIX Specialist Michael Palmer discusses today’s volatility action with Julie Hyman on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

This or reflecting that there was still some nervousness about the rally.

If you told me a few months ago the s&p 500 would be trading 1900, all time high, i would have guessed the vix would be turning around 12. we were 14, 14 .5. that is an elevated level.

This was priced in a little bit.

Today selloff provide some justification for what we thought were high levels for the vix.

Are we getting any indication about what could happen?

Do we get flushed out?

We saw a lot of vix options today and a lot of -- they were moving around, a lot of trading going on.

People are looking at 2014 in contrast to 2013 as a year where the market is moving on news.

We moved on turkish rate hikes.

Last year, we had tapering news and the market was not doing much.

Today is another example.

Thank you so much for talking with us.

For on the market, i am julie

This text has been automatically generated. It may not be 100% accurate.

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