The CBOE Volatility Index (VIX) decreased by 3.47% to close at 15.58, while the S&P 500 Index (SPX) rose by 0.39% to finish the day at 5893.62 on November 15, 2024. This decline in the VIX suggests a reduction in market volatility, projecting about 0.97% in daily S&P 500 movement over the next 30 days, indicating increased market confidence. Today's VIX trading volume was 0.875 times the 30-day average, with calls comprising 63.69% of the volume, reflecting a bullish sentiment among traders. The most significant trade was the VIX Nov 2024 15.000 put, with a volume of 84,885 contracts. The VIX opened at 16.60, higher than the previous close, before reaching a high of 17.00 and a low of 15.35. The easing of core inflation, as reported by Citi, and the anticipation of Nvidia and Walmart earnings contributed to the market's stability and reduced volatility expectations. The SPX's rise alongside a falling VIX underscores a positive market outlook amid easing inflation concerns.