by Pater Tenebrarum
Acting Man
The Sharp Move in the VIX Accelerates
In Monday’s trading session, the upward move in the volatility index VIX (which measures the implied volatility of SPX options) continued unabated, vastly out of proportion with the move in the underlying stock index. “Brexit” fears continue to grow, which has apparently been the driving force behind this move.
[…] Monday’s move in the VIX has achieved a short term technical breakout: