While the VIX rebounded from its lowest level since 1993, it’s volatility bets for tech shares that saw the biggest shake-up last week. The CBOE NDX Volatility Index soared 40 percent, the most since the stock rout of January 2016, reaching its highest level relative to the VIX since the aftermath of the dot-com bubble burst. With tech shares including Apple Inc., Nvidia Corp. and Applied Materials Inc. down in early New York trading, the Nasdaq Composite Index may be headed for more losses after posting its worst week of the year.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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