The CBOE Volatility Index opened with an 8.2% gap down to 18.19 on June 9 before recovering to close at 19.82, as the fear gauge swung between 17.52 and 20.01.
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VIX gaps down 8.2% then recovers in volatile session
The CBOE Volatility Index opened with an 8.2% gap down to 18.19 on June 9 before recovering to close at 19.82, as the fear gauge swung between a session low of 17.52 and a high of 20.01.
The opening gap marked the largest downside move for the VIX in recent sessions, though the index reversed course during the day to nearly fill the gap by the close. The VIX's settlement at 19.82 matched the implied prior-day level, indicating the initial volatility selloff was fully unwound by the end of regular trading.
The intraday range of 2.49 points reflected sharp shifts in options market positioning as traders reassessed near-term equity risk. A VIX print below 18 typically signals low hedging demand, while readings above 20 point to elevated protective positioning.
The session's price action suggests the VIX may be testing a near-term floor, with the gap-down opening potentially triggered by an overnight catalyst that failed to sustain momentum during regular trading hours. Traders will watch for follow-through in the coming sessions to determine whether the recovery marks a trend shift or a temporary reprieve.
This article is for informational purposes only and does not constitute investment advice.
