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SVIX Edges Up 0.41% as VIX Declines Amid Geopolitical Tensions

The CBOE Volatility Index (VIX) saw a decrease of 1.13% to close at 14.85, indicating a slight reduction in market volatility. This movement comes amid ongoing geopolitical tensions, particularly the US-China trade review, which has been affecting the technology sector. Despite the decline in the VIX, the S&P 500 Index also fell by 0.29%, reflecting market uncertainty as investors weigh potential economic policy shifts against these geopolitical developments. The most significant trade of the day was the VIX Feb 2025 15.000 put, with a volume of 27,235 contracts, suggesting that traders are positioning for continued low volatility in the near term.

The VS TR -1x Short VIX Futures ETF (SVIX) experienced a modest increase, rising 0.41% to $27.14 as of 16:40 on Friday, January 24.