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<p>The Cboe Volatility Index (VIX) represents the market’s expectations for the magnitude of short-term price changes, referred to as or volatility, in the S&P 500 index (SPX). The level of market volatility is used to gauge market sentiment and the level of fear and uncertainty among market participants.</p><p id="isPasted">The VIX, which is a measurement of volatility, can be traded through exchange-traded funds and notes that track volatility.</p><p id="isPasted">Investors can trade the VIX options and VIX ETFs during regular U.S. trading hours of 9:30 a.m. to 4:15 p.m. Eastern time.</p>
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