The CBOE Volatility Index (VIX) experienced a modest rise of 1.13% to close at 13.45, reflecting a slight uptick in market volatility expectations. Despite this increase, the overall market sentiment remains positive, buoyed by a rally in the tech sector and an optimistic economic outlook from Federal Reserve Chair Jerome Powell. The S&P 500 Index also saw gains, closing up 0.61% at 6086.49, indicating robust investor confidence. The light trading volume in VIX options, particularly the significant trade of the VIX Dec 2024 14.000 put, suggests that investors are not aggressively seeking hedges, even in the face of recent volatility events.
The ProShares Short VIX Short Term Futures ETF (SVXY) saw a slight decline, closing at $53.39, down 0.26% from its previous close of $53.53 as of 16:40 on Wednesday, December 4.