VIX and its futures fall as SPX surges

The CBOE Volatility Index closed yesterday at its session low, as did the VIX futures.
 
The index fell 0.73 points, or 3.35 percent, to 21.03 as the S&P 500 climbed back near its highs at the end of the day. The VIX and the SPX usually move inversely.
 
The June VIX futures dropped 1.55 points, or 6.3 percent, to 23. The July futures fell 1.35 points to 24.75.

The VIX options traded more than 326,000 contracts, with calls outpacing puts by more than 2 to 1. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw 112,000 change hands, also with more calls than puts.

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