Traders Are Wagering the VIX Hits Triple Digits on Tuesday
- The Cboe Volatility Index hit highest since financial crisis
- A call option with a strike price of 100 traded Monday
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Tail risk is catching a bid during this market meltdown, with the potential for volatility to ascend to heights never seen before.
The Cboe Volatility Index, also know as the “fear gauge,” hit 62.12 this morning, its highest level since the financial crisis. During 2008, this measure of the 30-day implied volatility of the S&P 500 derived from out of the money options rose to 89.53.