The CBOE Volatility Index ended yesterday back below the 20 level.
The volatility index ended the day at 19.72, down 0.66 points, or 3.24 percent. The S&P 500 gained 6.27 points to settle at 1319.99, coming off its highs in the last hour. The two indexes typically move inversely.
The VIX futures followed the spot volatility index. The July futures were down 0.75 points, or 3.34 percent, to 21.70 as the August futures fell 0.6 points to 23.65.
The VIX options traded 206,000 contracts, including 125,000 calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw more than 83,000 contracts change hands, with calls slightly outpacing puts.
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