美股大跌之际VIX反应异常平静，期权分析师怎么看
Wall Street's Fear Index is doing something strange. Here's what it means for stocks
The S&P 500 closed down nearly 2% on Friday, and the VIX hit its highest level since April before falling back to close at 19.4, up only 2.2 points. SpotGamma's Brent Kochuba said the rise was relatively modest, and based on his research based on 126 sell-offs since 2018, the VIX should have risen about 2.6 points.
The S&P 500 fell nearly 2% in a single day while the VIX only rose 2.2 points, lower than the average of historical sell-off samples. This shows that the options market has not priced systemic risks and the panic premium is limited. For gold and foreign exchange traders, this is more like a reduction of leveraged funds than a comprehensive increase in risk aversion. In the future, we need to pay attention to whether the VIX can continue to maintain a high level and whether safe-haven assets really receive capital inflows.
文章用期权市场数据解释标普500下跌近2%时VIX仅涨2.2点的反常平静，并给出多空基金降杠杆这一解释线索。
来源：CNBC Top News · cnbc.com