VIX drops to year-to-date low, market expects S&P 500 daily volatility below 0.8%

Odaily News The market currently expects the S&P 500 index to move less than 0.8% on any given day for the remainder of August, while the VIX fear gauge has fallen to its lowest level of the year.

Meanwhile, options market positioning has quickly shifted from buying downside protection to chasing call options, indicating a rebound in investor risk appetite. However, market sentiment remains fragile and sensitive to changes in upward momentum. (Coinbureau)