A Practitioner's Guide to Reading VIX

Source: S&P Dow Jones Indices LLC and CBOE. Data from Dec. 31, 1990, to Oct. 23, 2017. Chart is based on VIX levels on each date and the distribution of subsequent 30-day price changes in the S&P 500, using closing price levels. Past performance is no guarantee of future results. Chart is provided for illustrative purposes. ................
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