Big Volatility Players May Be on the Loose as VIX Tops 17
- Patterns associated with two big players show up again today
- Volatility index rallying as S&P 500 tumbles to end the week
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Trading patterns associated with two major volatility players popped up again Friday as the Cboe Volatility Index rose above 15 for only the second day this year.
The move came as the quick rally in U.S. stocks that started the year suffered an abrupt reversal. The S&P 500 may still be up more than 3 percent in 2018, but it tumbled almost 4 percent this week alone, as the VIX has hit its highest levels since November 2016.