The CBOE Volatility Index (VIX), the SPX option derived measure of implied volatility, lifted 0.19 today to close at 14.01, while the underlying SPX index lost 18.94 to close at $4496.83, a 0.42% decline. 486,016 VIX option contracts traded, 71.54% of the typical daily volume for the product. Calls made up 62.9% of the volume.

Treasury Market Summary: Treasuries spent the session underwater and losses mounted through the afternoon. A hefty corporate slate to kick off the first week of September and a jump in oil prices were the general culprits for the selloff. More evidence of the economy’s resilience via the factory data also weighed. Comments from the Fed hawk… Read more