VIX Traders See Gain Erased as Futures Exceed Average: Options
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The biggest three-day rally in a month for the Standard & Poor’s 500 Index is failing to convince U.S. options traders to lower their guard against more losses.
Futures on the VIX show investors expect the Chicago Board Options Exchange Volatility Index to remain at least 50 percent above its historical average of 20.45 through May, data compiled by Bloomberg show. The VIX slid 3.4 percent to 37.71 yesterday, while May futures fell 1.1 percent to 32.15. The S&P 500 climbed 4.1 percent between Sept. 22 and yesterday.