I'm looking at the VXO chart (volatility index similar to VIX except it tracks the S&P 100 options instead of S&P 500 options), and there was a huge volatility drop to 13.45 at 11:02 AM. This drop only lasted a few minutes, then it spiked back up to the 23.6 level. What could have caused this? (Click link for chart) http://finance.yahoo.com/echarts?s=^VXO#symbol=^VXO;range=1d
It's not a bad print because even the official CBOE website says the low of the day was 13.45: http://www.cboe.com/DelayedQuote/SimpleQuote.aspx?ticker=vxo