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Volatility dashboard
The CBOE Volatility Index measures 30-day expected S&P 500 volatility derived from options prices. It is the market's best real-time measure of fear and uncertainty.
Fear & Greed
25.3
Elevated Fear
Historical percentile
85th
Significant hedging activity. Traders expect large moves and are paying up for protection.
Term Structure
Flat
3M-Spot spread: +0.3 pts
Spot and forward vol are roughly equal.
VIX Spot
30-day implied volatility
25.3
▼ 5.36
VIX 9-Day
9-day implied volatility
24.2
▼ 6.39
VIX 3-Month
3-month implied volatility
25.6
▼ 3.58
VIX 6-Month
6-month implied volatility
26.9
▼ 2.75
Live chart
Interactive TradingView chart for the VIX. Use the toolbar to switch timeframes, draw trendlines, or overlay indicators.
12-month context
How does today's reading compare to the last year of data?
1Y High
52.3
1Y Low
13.5
1Y Mean
19.4
Days > 20
79/252
Days > 30
14/252
% Time Fearful
31%
Historical chart
Track how volatility has evolved over the past year. Spikes above 20 signal caution; above 30 signals fear. The dashed lines mark these key levels.
VIX — 1 Year Daily
Correlation
VIX and equities typically move inversely — when stocks fall, vol spikes. When both rise simultaneously, it signals unusual stress and potential dislocation.
VIX vs S&P 500 — Inverse Correlation
VIX and S&P 500 typically move inversely. When they decouple (both rising), it signals unusual stress.
How to read the VIX
A quick reference for interpreting VIX levels in the context of market positioning.
< 15
Complacent
Low fear. Historically precedes volatility spikes. Be cautious with crowded trades.
15 – 20
Neutral
Normal conditions. Positioning signals can be read at face value.
20 – 30
Cautious
Elevated uncertainty. Reduce position size on crowded trades. Watch for reversals.
> 30
Fear
Panic zone. Extreme readings often mark capitulation. Contrarian opportunities emerge.