Market IndicatorsIntermediate📖 6 min read

VIX Fear & Greed

The Fear Index and the cost of insurance.

Mean Reverting
Yes
High Fear
> 30
Complacency
< 12

The VIX (CBOE Volatility Index) measures the market's expectation of 30-day volatility derived from S&P 500 option prices. It is often referred to as the 'Fear Gauge'. When the VIX is high, fear is dominant; when low, complacency reigns.

Table of Contents

Interpreting Levels

Key Thresholds

  • VIX < 15: Bullish regime, low fear, potential complacency.
  • VIX 20-25: Normal volatility, caution warranted.
  • VIX > 30: High fear, panic selling, often marks a bottom.

The Fear & Greed Index

Often combined with the VIX, CNN's Fear & Greed Index aggregates 7 indicators (including Junk Bond Demand and Market Momentum) to provide a single sentiment score from 0 (Extreme Fear) to 100 (Extreme Greed).

Key Takeaways

1

VIX measures the price of options (insurance), not just 'fear'.

2

Extreme high VIX readings are often buying opportunities.

3

Low VIX periods can persist for years (bull markets).

Apply This Knowledge

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