CBOE Volatility Index Spikes 9% As Triple Witching Day Shakes Market
CBOE Volatility Index Spikes 9% As Triple Witching Day Shakes Market
The CBOE Volatility Index, also known as the VIX or "fear index," witnessed a sudden surge of 9% Friday, marking the most significant single-day increase since mid-August. Produced by CBOE Global Markets Inc. (NYSE:CBOE), the VIX is a well-regarded gauge of option volatility in the S&P 500 index.
这个 CBOE 波动率指数，也被称为VIX或 “恐惧指数”，周五突然上涨了9％，这是自8月中旬以来最大的单日涨幅。制作者 芝加哥期权交易所环球市场公司 纽约证券交易所代码：芝加哥期权交易所），VIX指数是衡量标准普尔500指数期权波动率的备受推崇的指标。
This rapid surge in market volatility followed weeks of relative calm, with the VIX hitting its lowest level since January 2020, closing at 12.81 on Thursday.
在经历了数周的相对平静之后，市场波动率迅速上升，VIX指数触及2020年1月以来的最低水平，周四收于12.81。
What Triggered VIX's Friday Spike?
是什么触发了VIX的周五飙升？
Several factors may have contributed to the remarkable daily spike in the VIX. Economic data published this week indicated a resurgence in inflation, raising some concerns among investors.
可能有几个因素促成了VIX指数的惊人每日飙升。本周公布的经济数据显示，通货膨胀率卷土重来，引起了投资者的担忧。
Additionally, the surge in oil prices may have played a significant role in driving up the VIX. WTI crude oil prices touched $90 per barrel on Friday, adding to the growing concerns about rising energy costs and their potential impact on the broader economy and interest rates.
此外，油价的飙升可能在推动VIX指数上涨方面发挥了重要作用。周五，WTI原油价格触及每桶90美元，这加剧了人们对能源成本上涨及其对整体经济和利率的潜在影响的担忧。
Technical factors were also at play. Friday coincided with a triple witching day, a term used to describe the simultaneous expiration of stock options, stock index futures and stock index options contracts, all on the same trading day.
技术因素也在起作用。星期五恰逢三重巫日，这个术语用来描述股票期权、股指期货和股票指数期权合约在同一交易日同时到期。
This event, which occurs four times a year, led to a total value of option expirations amounting to an astonishing $3.4 trillion.
这一事件每年发生四次，导致期权到期总价值达到惊人的3.4万亿美元。
The previous triple witching day in June saw the VIX rise by 4.4%, and in March, it surged by 11%.
在6月的前一个三重摇摆日，VIX指数上涨了4.4％，而在3月，它上涨了11％。
Read also: 'Bonds In A Multi-Year Bear Market', Experts Sound Alarm On Further Rate Hikes As Oil Goes Haywire
另请阅读： “多年熊市中的债券”，随着石油价格的混乱，专家们对进一步加息发出警惕
CBOE Global Markets Reports Significant Growth in VIX Options
芝加哥期权交易所环球市场报告VIX期权显著增长
CBOE Global Markets released its second-quarter financial results on Aug. 4, 2023. The company reported earnings per share of $1.78, slightly exceeding estimates of $1.77. However, the revenue figure of $467 million fell short of expectations, which had been set at $469 million.
芝加哥期权交易所全球市场 于2023年8月4日发布了其第二季度财务业绩。该公司公布的每股收益为1.78美元，略高于预期的1.77美元。但是，4.67亿美元的收入数字低于预期的4.69亿美元。
Of particular interest in CBOE's report was the substantial growth in average daily volumes for VIX options, which increased by an impressive 53% year-over-year in the second quarter. This growth underscores the heightened interest in and demand for options linked to market volatility.
芝加哥期权交易所的报告中特别令人感兴趣的是VIX期权的平均每日交易量大幅增长，第二季度同比增长了53％，令人印象深刻。这种增长凸显了人们对与市场波动相关的期权的兴趣和需求增加。
Goldman Sachs analysts recently revealed the VIX is presently trading at bargain levels compared to what the broader economic context would imply.
高盛分析师最近透露，与更广泛的经济背景相比，VIX目前的交易价格处于低迷水平。
No exchange-traded fund exactly replicates the CBOE Global Markets' VIX.
没有哪只交易所交易基金能完全复制 芝加哥期权交易所全球市场'VIX。
However, the ProShares Trust VIX Short-Term Futures ETF (NYSE:VIXY), the ProShares Trust VIX Mid-Term Futures ETF (NYSE:VIXM), and the ProShares Trust Ultra VIX Short-Term Futures ETF (NYSE:UVXY) may provide a good correlation to participate in the VIX's movements.
但是， ProShares Trust VIX 短期期货 ETF （纽约证券交易所代码：VIXY）， ProShares Trust VIX 中期期货 ET （纽约证券交易所代码：VIXM），以及 ProShares Trust 超VIX短期期货ETF 纽约证券交易所代码：UVXY）可能为参与VIX的走势提供良好的相关性。
Now read: Stock Retreats As Bond Yields Climb Amid Oil Concerns, UAW Strike: What's Driving Markets Friday?
现在阅读： 由于对石油的担忧，债券收益率攀升，股市回落，UAW Strike：是什么推动了周五的市场？
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照片来自 Shutterstock。