Technology Volatility Increases to Year High Versus VIX: Options
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Apple Inc.’s slump and forecasts from Intel Corp. and Qualcomm Inc. that trailed analyst estimates are driving risk perceptions for technology shares to a one-year high versus the Standard & Poor’s 500 Index.
The Chicago Board Options Exchange NDX Volatility Index, which tracks equity derivatives on the Nasdaq-100 Index, is 16 percent higher than the S&P 500 options gauge known as the VIX, the biggest premium since March 2011, according to data compiled by Bloomberg. The Nasdaq measure has retreated 3.9 percent from the 11-year high reached on April 2, while Apple lost 9.9 percent over the past nine sessions.