The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) saw an uptick as the Cboe Volatility Index (VIX) experienced fluctuations within a narrow range, trading between 12.89 and 13.34. Despite the overall rise in equity markets, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains, the VIX's movement was notable for its elevated options volume. The VIX option volume was significant, ranking 9th on the "Top Volume by Underlying" list, with a put/call ratio of 0.39. The most traded contract was the January 22nd, 2025, 42.50 call, indicating heightened interest in volatility hedging or speculation.
The VXX closed at $42.33, marking a 0.62% increase from the previous day's close, with a slight additional gain of 0.07% after market hours, bringing the current price to $42.36 as of 4:39 PM on Wednesday, December 4th.