The VIX Index is a calculation designed to produce a measure of constant, 30-day expected volatility of the U.S. stock market, derived from real-time, mid-quote prices of S&P 500 Index (SPX) call and put options. On a global basis, it is one of the most recognized measures of volatility -- widely reported by financial media and closely followed by a variety of market participants as a daily market indicator. The VIX now is volatility. Presently, Options traders bought call spreads on $Cboe Volatility Index(VIX)$ expiring in September, spending upwards of $9 million. This trade hedges against the VIX rising above 22 from its current level around 15, with profits capped if the index reaches 30. These calls are bought when traders think there's something going to happen bad. Historically $S&P 500(.SPX)$ has typically shown a downward trend in October. It is time to hedge against risk and trade with care. Always do due diligence before trade. 🍀🍀🍀 Thanks @Tiger_comments Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
