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The VIX index itself already measures relative volatility in percentage points, so absolute changes to it are more meaningful than percentage changes.
Nov 07 11:57 am
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All Comments by Owen »VIX's Double Jump [View article]
How many other instances were there when the VIX index jumped 16 points in two days? In addition to yesterday, this happened recently between 20 and 22 of October, and in the two days leading up to Aug. 6, 1990, when it jumped from 20 to 36.