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The VIX (VXX +4.2%) stretches its 2-day gain to 53%. Do the sharpest drops (in stocks) happen in...
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Thursday, February 21, 12:58 PM ETThe VIX (VXX +4.2%) stretches its 2-day gain to 53%. Do the sharpest drops (in stocks) happen in bull markets? This would be the 12th time since 1991 the VIX has spiked more than 25% in 2 days with the S&P above both its 50 and 200-day moving averages, says Jerry Khachoyan.
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This news story has 3 comments:
First off, VIX is not VXX. VIX is 30-day forward implied volatility, whereas VXX tracks 1st and 2nd month of VIX futures.
Secondly, VIX closed at 12.31 on Tuesday and is currently at 15.87, which is a 29% gain not 53%.