VIX swings 5.06% intraday as volatility index closes near session low

The CBOE Volatility Index recorded a 5.06% intraday amplitude on July 6, opening at 16.40 and closing at 15.68 after touching a high of 16.50 and a low of 15.67.

The VIX settled near the bottom of its daily range, with the close of 15.68 representing a 4.4% decline from the open. The 0.83-point gap between the session high of 16.50 and the low of 15.67, measured against the opening level, placed the day among the more volatile sessions for the index over the past year. A close near the session low typically signals that the initial demand for portfolio protection faded as the trading day progressed.

The VIX has traded in a range between roughly 12 and 20 over the past year, with the 20 level widely viewed as the threshold for elevated market stress. At 15.68, the index remains below that level but above the 12-14 range that prevailed during calmer periods. The 5.06% amplitude places this session in the upper quartile of daily VIX moves, reflecting above-average uncertainty.

The next major catalyst for volatility will be the July CPI report and the Federal Reserve's next policy decision, both of which could drive the VIX above the 20 level if they deliver surprises.

This article is for informational purposes only and does not constitute investment advice.