VIX Jumped in Flat Market After Futures Settled Way Above Range
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The Cboe Volatility Index, a barometer for investor anxiety, jumped Wednesday amid a tranquil stock market, reprising a pattern of jerky moves on days when futures on the gauge are settled in monthly auctions.
The VIX was heading for its longest streak of daily losses in almost a year in early New York trading, before it reversed direction and rose as much as 11 percent. The gain occurred around the time of the settlement, which happened 13 percent above the VIX close on Tuesday and outside of today’s range.