5 Year Low on VIX

Back to Pre-Crisis VIX

Although the S&P500 has not managed to extend its series of up days to 7, losing 0.13% on Monday, the VIX (CBOE Volatility Index) got below 14 to close at 13.70, the lowest since June 2007.

VIX (CBOE Volatility Index), 2007-2012

Down Almost 7 Points in 3 Weeks

Just 3 weeks ago, spot VIX was trading above 20 (although a 7 point move in 3 weeks is far from uncommon even on these, already quite low, VIX levels). Below you can see how the VIX futures curve moved downwards and steepened since that time.

VIX futures curve