(Bloomberg) — Volatility traders haven’t been this spooked since the financial crisis, according to a key gauge of fear on Wall Street.As the oil-price plunge frazzled traders on edge over the coronavirus, the generic front-month futures contract for the CBOE Volatility Index surged as high as 51.3 on Monday morning in London. That’s the highest level since 2009.A jump of more than 10 points from Friday would be the biggest single-day move for the contract since Feb. 5, 2018. On that day, one of the most violent jumps ever in implied volatility helped spur a stock rout and the death …read more
Source:: Yahoo Finance
