VIX CBOE Volatility Index

Index 19.95 Delayed

Index quote, intraday chart, technicals, and constituent breakdown. Expected move IV rank history Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

VIX $19.95 —
Key stats
$19.95
52-Week Range
$13.38 – $35.30
YTD
+37.49%
IV Rank (30D)
82.41
Straddle Price
$4.21
P/C Vol Ratio
0.41
Open
$16.02
Day Range
$15.72 – $22.31
Prev Close
$16.46
About

CBOE Volatility Index (VIX) INDEX

Real-time measure of expected 30-day volatility on the S&P 500, derived from SPX option prices. Widely cited as the market's 'fear gauge' — elevated readings reflect demand for downside protection.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan22.69%49.58%-15.28%8.71%-8.37%20.19%12.92%
Feb-7.57%37.30%15.84%-3.46%5.42%21.54%11.51%
Mar-16.92%-38.30%-9.14%-0.76%-2.19%17.77%-8.26%
Apr7.39%70.15%-14.93%14.65%13.46%-31.17%9.93%
May-8.47%-19.02%11.57%-16.05%-24.51%-9.83%-11.05%
Jun-11.56%11.76%-13.16%-5.11%-8.88%2.49%-4.08%
Jul17.83%-20.11%0.44%33.88%-0.65%-3.50%4.65%
Aug-15.31%13.27%-2.58%-19.31%-24.63%-5.93%-9.08%
Sep43.64%23.71%33.84%7.59%0.99%-0.06%18.29%
Oct-23.12%-14.02%3.01%20.25%7.06%21.98%*2.53%
Nov65.69%-20.26%-23.41%-38.25%-4.78%---4.20%
Dec-44.67%9.22%-1.43%30.06%-13.28%---4.02%
Total-17.26%63.57%-25.15%6.77%-50.70%21.10%-0.28%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $15.73
SMA 50: $15.60
SMA 200: $18.18
Current: $19.98
EMA 12: $16.38
EMA 26: $15.99
MACD: 0.3839 | Signal: 0.3571
BULLISH
ADX (14): 25.07
TREND
+DI: 42.71
−DI: 9.82

Momentum Oscillators

RSI (14): 68.87
NEUTRAL
Stoch %K: 65.28
Stoch %D: 52.12
Williams %R: -30.90

Volume & Volatility

BB Upper: $18.07
BB Lower: $13.38
OVERBOUGHT
OBV: 0
Vol SMA 20: 0
Vol ROC: —
ATR: $1.61
True Range: $6.59
HV 20: 95.1%
HV 30: 103.3%
HV 60: 100.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-10-16T00:00:00
AI Analysis

VIX Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL with confidence level 6/10

Key Drivers:

  • Inverse market correlation (-0.82) creates natural hedge positioning
  • Elevated IV (149%) suggests market expects significant volatility
  • Weak technical trend (ADX 20.36) indicates consolidation phase
  • Call volume dominance signals speculative bullish positioning on volatility spikes

Primary Risks:

  • Extremely high historical volatility (HV60: 102.4%) suggests current price may be unsustainable
  • Negative beta (-7.73) creates asymmetric risk in bullish market environments
  • IV Premium 58.6% above realized volatility indicates potential mean reversion downside
  • Absence of recent news makes catalyst timing uncertain

Investment Thesis: The VIX remains in a neutral consolidation pattern with bullish options positioning (0.32 put/call ratio) betting on volatility expansion. However, the 58.6% IV premium suggests elevated pricing that may compress if equity markets stabilize. Current technical setup offers limited directional conviction in either direction.

Recent News Sentiment Impact: No recent news headlines available for analysis. This is a significant data limitation, as VIX movements typically correspond to equity market stress events or major economic announcements.

Technical Analysis

Trend Direction

Short-term (1-4 weeks): SIDEWAYS/CONSOLIDATING

  • Price ($16.32) trading above SMA 20 ($15.77) and SMA 50 ($15.90)
  • ADX (20.36) indicates weak trend strength - below 25 threshold suggests consolidation rather than directional conviction
  • +DI (26.08) exceeding -DI (16.49) provides slight upside bias, but weak overall

Medium-term (1-3 months): NEUTRAL-TO-BEARISH

  • Price ($16.32) significantly below SMA 200 ($18.09), down ~10% from longer-term baseline
  • Price remains within established trading range between lower band ($13.67) and upper band ($17.88)
  • No clear breakout pattern emerging

Long-term (3-12 months): DOWNTREND

  • SMA 200 at $18.09 serves as resistance, suggesting prior elevated volatility regimes
  • Current price 9.8% below 200-day MA indicates longer-term mean reversion toward lower levels
  • Historical volatility elevated, consistent with prior stress periods

Support/Resistance Levels

| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $17.88 | Upper Bollinger Band/Resistance | +9.6% | Recent technical ceiling | | $17.88-18.09 | SMA 200/Resistance Cluster | +10-11% | Major longer-term resistance | | $16.32 | Current Price | — | Mid-range positioning | | $15.77 | SMA 20/Support | -3.4% | Near-term support | | $15.90 | SMA 50/Support | -2.6% | Intermediate support | | $13.67 | Lower Bollinger Band | -16.3% | Extreme downside support |

Support/Resistance Assessment: VIX is trading in the middle of its Bollinger Band range, equidistant from upper and lower extremes, indicating balanced supply/demand without strong conviction.

Momentum Signals

RSI (14): 53.04 - NEUTRAL

  • Mid-range reading (30-70 neutral zone)
  • Neither overbought nor oversold, suggesting consolidation
  • Room for expansion in either direction without extreme signals
  • No divergence signals apparent from price action

MACD: BEARISH SIGNAL

  • MACD line (-0.00) trading at signal line (0.05)
  • Negative histogram (-0.06) indicates bearish crossover recently completed or in progress
  • Momentum turning negative despite price holding support levels
  • Suggests weakening bullish pressure, potential precursor to downside move

Stochastic Oscillators: CONSOLIDATION

  • %K (41.91) above %D (34.39) showing slight bullish momentum
  • Both readings in middle zone (20-80), neither overbought nor oversold
  • Slow stochastic configuration suggests indecision between buyers and sellers

Williams %R: -54.36 - NEUTRAL-BEARISH

  • Reading below -50 (midpoint) suggests slight bearish bias
  • Not at extreme levels (<-80 oversold or >-20 overbought)
  • Consistent with weak overall trend reading

Momentum Summary: All momentum indicators clustered in neutral-to-slightly-bearish territory. MACD bearish crossover is the most actionable signal, potentially preceding downside consolidation.

Volume Analysis

Volume Data Quality: CRITICAL FLAG ⚠️

  • Volume SMA 20: 0.00
  • On-Balance Volume (OBV): 0.00
  • Volume Rate of Change: N/A%

Assessment: Volume indicators are returning zero or N/A values, indicating either data collection error, calculation issue, or unusable data. This severely limits analysis confidence on institutional participation and volume confirmation of price moves. Proceed with caution on volume-based conclusions.

Alternative Volume Signal Available: Options market shows 913 calls vs 289 puts (3.16:1 call/put volume ratio), suggesting call buyers are actively positioning for upside moves or volatility spikes. This is bullish for VIX direction.

News & Sentiment Analysis

Recent Headlines Summary: No recent news available - This is a significant limitation for VIX analysis, as the index is a forward-looking measure of equity market volatility expectations. VIX movements are typically driven by:

  • Equity market selloffs or rallies
  • Economic data releases
  • Federal Reserve announcements
  • Geopolitical events
  • Corporate earnings surprises

Without current news context, we cannot identify specific catalysts driving the current $16.32 price level.

Sentiment Assessment: NEUTRAL (unable to assess)

  • Absence of news headlines prevents sentiment analysis
  • Options positioning (call-dominant) suggests traders expect potential volatility expansion
  • Cannot determine if sentiment has shifted recently

Catalyst Identification: UNABLE TO ASSESS

  • No earnings information available (VIX is an index, not a stock, so earnings N/A)
  • No product launches, regulatory events, or scheduled announcements provided
  • Next catalyst likely tied to Federal Reserve communications, CPI releases, or equity market stress events

Market Narrative: INCOMPLETE Without recent news, cannot assess whether current technical consolidation reflects:

  • Market complacency (low fear, low realized volatility)
  • Expectations of upcoming uncertainty (elevated IV vs HV)
  • Technical positioning ahead of major announcements

Risk & Volatility Assessment

Beta Interpretation: CRITICAL OUTLIER

Beta: -7.73 vs SPY

This is an extreme negative beta with profound implications:

What This Means:

  • VIX moves in opposite direction to equity market (SPY) with massive magnitude
  • When SPY rises 1%, VIX typically falls ~7.73%
  • When SPY falls 1%, VIX typically rises ~7.73%
  • This is not a stock, but rather volatility index behaving inversely to equities

Risk Profile:

  • Asymmetrically High Risk in Bullish Markets: In sustained equity bull markets, VIX faces significant downside pressure
  • High Convexity: Leverage embedded in the negative beta structure creates outsized moves
  • Not Traditional Equity Risk: This is volatility/insurance pricing, not business-cycle risk
  • Correlation -0.82: Strong inverse relationship confirmed; not a diversifier, but a hedge

Context: This extreme negative beta is structurally inherent to VIX, not a temporary phenomenon. Any bullish equity market view directly creates bearish VIX outlook.

Volatility Regime Analysis

Current IV: 149.0% - ELEVATED

  • IV Rank: 63.7% (Medium)
    • On a 52-week scale (0-100%), current IV is in 64th percentile
    • Volatility is above median but not at extremes
    • Suggests somewhat elevated expectations, but not panic levels

Historical Volatility Assessment:

  • HV20 (20-day): 98.9% - extremely high recent volatility
  • HV30 (30-day): 93.9% - elevated volatility over past month
  • HV60 (60-day): 102.4% - highest measure, indicating extended volatile period

**IV Premium vs Realized

Generated
News

VIX Options Activity & IV Rank

VIX IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 95.1%
7-DTE IV: 129.4%
Expected Move: $4.21
7-DTE Move: $2.50
Days to Exp: 33 (2026-11-18)

Options Flow

Call Volume: 442,467
Put Volume: 180,303
P/C Volume: 0.407
BULLISH
Call OI: 4,288,921
Put OI: 1,232,564
P/C OI: 0.287
Total OI: 5,521,485

ATM Options Pricing

ATM Call: $2.23
ATM Put: $1.99
Call %: 11.6%
Put %: 10.3%

Chain Summary

Chain Volume: 2,388,202
Chain OI: 15,430,382
Last Updated: 10/16/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d 0%
-35.4 pts EXTREME
ATM 127.9% / Wing 92.5%
30 DTE / 10d 9%
-28.9 pts EXTREME
ATM 92.4% / Wing 63.5%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)100.0HighOct 16
IV Rank (30 DTE)82.4HighOct 16
Straddle Price (30 DTE)$4.21Oct 16
Beta Analysis

Risk Metrics

Beta: -7.4856
Alpha: 154.81%
Correlation: -0.8134
R-Squared: 66.2%
Stock Volatility: 117.5%
Market Volatility: 12.8%

Analysis Details

Benchmark: SPY
Data Points: 244
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Beta & Alpha Over Time

VIX Institutional Ownership (13F)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

# Filer Shares Value % of Total % of Float Period
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
ETF Holders
# ETF Provider Weight $ Exposure ETF AUM As Of
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.