Wall Street Is Getting a New Fear Gauge. Meet the One-Day VIX Amid 0DTE Boom Lu Wang and Sam Potter - Bloomberg About a month ago, as Wall Street stared down the barrel of an incipient banking crisis, the investment world's most-watched gauge of market volatility did a funny thing: It didn't do much. Sure, the Cboe Volatility Index — a measure of expected swings in the S&P 500 Index also known as the VIX — climbed. But even at its intraday peak, it didn't come close to levels seen multiple times just a year ago. /jlne.ws/3KSfUce Also see MarketWatch's article, Stock-market investors get a new 'fear gauge' Monday. What you need to know.
That article is underselling what the VIX did. On both March 13th and March 14th cash VIX was in more extreme backwardation than at any point since March 7th, 2022. That's not nothing. Also https://archive.is/wRuWA and https://archive.is/c7yMO alternative links to Bloomberg and Marketwatch article for non-subscribers