Volatility trading is light after CBOE outage

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The CBOE is back up after an outage closed trading for several hours today, but volumes remain light on the exchange.

The CBOE Volatility Index options, which trade exclusively on the exchange, have seen only 13,000 contracts turn over since operations resumed at 1 p.m. ET. Volume is thin on the S&P 500 Index options as well, with 63,000 contracts.

The VIX is down 0.42 points, or 3.09 percent, to 13.19 this afternoon. It was moving earlier but readings were suspect because of the outage, which lasted all morning.

The VIX futures were apparently unaffected by the disruption but are also seeing light volume. The May futures are down 0.20 points to 14.45, while the June futures are down 0.10 points to 15.30. 

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