Thursday, May 20, 2010

VIX Approaches Pre-2008 Record Highs

Prior to 2008, the VIX had only managed to nudge its way over 45 on three instances:

  1. The 1998 Long-Term Capital Management crisis
  2. The Russian Financial Crisis that preceded the LTCM debacle
  3. The height of the dotcom crash, when WorldCom filed for bankruptcy

The table below summarizes the top ten pre-2008 VIX closing highs. Should it hold, today’s VIX spike to 45.21 would put it at #3 all-time outside of the 2008 financial crisis.


Disclosure(s):
short VIX at time of writing

blog comments powered by Disqus
DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party. All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make. No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2023 Bill Luby. All rights reserved.
 
Web Analytics