The CBOE Volatility Index (VIX) saw a slight increase of 0.27% to close at 15.10, reflecting a stable market environment with moderate volatility. This uptick in the VIX comes amid a broader market rally, with the S&P 500 Index rising by 0.61%, driven by strong performances from tech giants like Nvidia and Oracle, fueled by advancements in AI. Despite geopolitical uncertainties, investor confidence remains buoyed by AI-related growth prospects, leading to a shift from bonds to equities as 10-year Treasury yields rise. The most notable trade in the VIX options market was the VIX Feb 2025 40.000 call, with a significant volume of 87,852 contracts, indicating some traders are positioning for potential future volatility spikes.
The ProShares Short VIX Short Term Futures ETF (SVXY) experienced a decline, closing at $51.57, down 0.75% from the previous day's close of $51.96.