A busy day in volatility. The oil vol premium moved from +7.2% to -15.0%, its biggest move since May 19. The GVZ/VIX ratio went from 1.19 to 1.62.
5.7× its usual move
The oil vol premium moved from +7.2% to -15.0%, its biggest move since May 19. S&P realized vol moved from +10.4% to +13.9%.
4.7× its usual move
The vol complex gauge went from 86.11 to 57.51, its biggest move since October 2025. VIX moved from +245.0% to -69.0%.
4.1× its usual move
The GVZ/VIX ratio went from 1.19 to 1.62, its biggest move since March 11. Vol complex co-movement went from +0.43 to +0.41.
No fresh reading in this group. The financial-conditions composite went from -0.64 to -0.53.