VIX 25.64 (nervous band, 25-30), -2.54 on the day
Stress: the VIX is 25.6, in the nervous band (25-30) and higher than 87% of the past 10 years; the curve is inverted (VIX ÷ VIX3M 1.04); the VIX jumped 32% in 5 sessions. Options price a ±7.4% S&P 500 move over the next month.
Markets · Briefing · Cboe · 6 Nov 2026