The CBOE Volatility Index posted a 5.37% intraday swing on May 28, opening at 16.76 and ranging between 16.85 and 15.95 before closing at 16.11. The move reflected shifting expectations around the Federal Reserve's rate path.
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VIX swings 5.37% intraday as volatility expectations moderate
The VIX swung 5.37% intraday on May 28, opening at 16.76 and closing at 16.11 after touching a high of 16.85. The CBOE Volatility Index's 90-cent range between 16.85 and 15.95 marked its widest amplitude in recent trading.
The index opened near its session peak before sliding through the day, closing 3.9% below its opening level. A close at 16.11 places the VIX below its long-term average near 20, suggesting the options market priced relatively contained fear despite the intraday turbulence.
The 5.37% amplitude shows that intraday positioning shifts drove the action rather than a sustained repricing of risk. Traders pointed to uncertainty around the Fed's next policy move as the primary catalyst.
The VIX's direction in coming sessions will hinge on the next round of economic data. A sustained break below 16 would point to further complacency, while a move back above 17 would indicate renewed hedging demand.
This article is for informational purposes only and does not constitute investment advice.
