Why Wednesday Could Be a Huge Day for the VIX
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Tomorrow’s VIX options expiration could prove extra volatile for the gauge.
The Cboe Volatility Index tends to have bigger swings on days its contracts mature, with intraday moves of 13 percent on average on the past 12 monthly expirations. That compares with a mean daily fluctuation of 10 percent in the year through January. Of course, that was before this month, when a record VIX surge on Feb. 5 sent its average intraday move for February to almost 60 percent.