VIX Rises With S&P by Most Since 1996 on Europe Concern: Options
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U.S. stocks and the price of protection against losses are rising in unison more frequently than at any time since 1996, as investors anticipate the end of the biggest Standard & Poor’s 500 Index rally in two decades.
The Chicago Board Options Exchange Volatility Index and S&P 500 increased together on 23 percent of days in January and February, the most during those months in 16 years, according to data compiled by Bloomberg. In the 22-year history of the VIX, as the options gauge is known, the two indexes climbed at the same time on only 12 percent of days, the data show.