VIX Breaks Longest Streak of Gains Since April 2012
This article is for subscribers only.
The benchmark gauge for U.S. stock options fell, halting an eight-day streak of gains, after better-than-estimated jobs data fueled a rally in equities.
The Chicago Board Options Exchange Volatility Index, or VIX, fell 8.6 percent to 13.79 today for the biggest retreat since Oct. 16. The gauge, which measures the cost of using options as insurance against losses in the Standard & Poor’s 500 Index, surged 23 percent in the eight sessions before today. It hasn’t risen for nine consecutive days since records began in January 1990, data compiled by Bloomberg show.