Wall Street's fear gauge is ripping. Traders see it going even higher

The VIX surged above 22 amid an AI stock sell-off, with large options bets indicating expectations of further increases.

01Summary

01The VIX rose above 22 for the first time in four months as AI-related stocks sold off.
02A trader bought 9,200 November 18 calls at the 20 strike for $1.7 million and 12,500 November 18 calls at the 23 strike for $1.1 million.
03CoreWeave lost 13%, and the Nasdaq fell 2% in its worst session since June 5th.
04Nine of the ten most popular VIX contracts bought on Friday were calls, with nearly $27 million in premium traded.
05Tesla, SpaceX and Meta are due to report earnings next week.

02Why it matters

Rising volatility and large bets on a higher VIX suggest traders are bracing for further market turbulence, which could affect your portfolio valuations.

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Wall Street's fear gauge is ripping. Traders see it going even higher

01Summary

02Why it matters

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