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12:35 pm CBOE Volatility Index (.VIX)
$24.32 -4.25%
Posted on February 11th, 2010 12:35 pm
by fredruffy in All Indexes

CBOE Volatility Index (.VIX) dives 1.11 to 24.29, session lows, as the major averages battle back from morning losses and trade higher. While the reversal is being attributed to rumors the Obama administration is pulling back from the Volcker plan to limit proprietary trading and hedge funds by major financial institutions, it’s actually the cyclical names — AA, INTC, CAT — leading the Dow to a triple digit gain. Today’s weekly claims data, which showed a surprise drop of 43K, seems to helping sentiment as well. Trading volumes running about the typical levels, with 2.9 million calls and 3 million puts on the tape so far.
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