The CBOE Volatility Index (VIX) remained stable at 14.10, reflecting a period of relative calm and confidence among investors, despite a slight decline in the S&P 500 Index. This stability in the VIX suggests that investors are not overly concerned about immediate market volatility, even as trading volumes remain low due to the holiday season. The most significant trade was the VIX Dec 2024 15.000 put, indicating a cautious outlook for the near term. The lack of significant movement in the VIX, coupled with the S&P 500's decline, suggests that the market is navigating high valuations with a focus on potential opportunities in undervalued sectors like energy.
The VS TR -1x Short VIX Futures ETF (SVIX) experienced a modest increase, rising 0.66% to $28.92 as of 16:40 on Wednesday, November 27.