Market volatility is as low as we’ve seen in the last six months as measured by the CBOE Volatility (VIX) Index. VIX is a real-time index that represents the market expectation for near-term volatility in the S&P 500 index. More News from Barchart Investors and traders have long used VIX as a measure of the level of risk, fear or stress in the market. Yesterday, the VIX Index closed at 14.75, which is towards the lower end of the range for the year. Today, we’re going to look at a long call butterfly ...