is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index
, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index
or the fear gauge
, it represents one measure of the market's expectation of stock market volatility over the next 30 day period, and a measure of how fearful the stock market is.
The lowest it goes in recent years is around 15. It reach 16 a few days back. Will it continue lower? If not it may start its climb. As it is inversely proportional to S&P500, if VIX increases, S&P500 index drops.