VIX surges most since April as traders fear worse ahead

VIX jumps to highest level since March

The Cboe Volatility Index jumped as much as five point seven points to above twenty eight about ninety minutes after Thursday's opening bell, its highest reading since March thirty first.

Biggest one-day move since April ninth

From its intraday low to high Thursday, the VIX moved more than eleven points, the biggest one-day move since April ninth.

Traders say volatility should be higher

With the S and P five hundred down three percent, traders argue volatility should be higher.

Noel Smith sees a hedge fund liquidation

Noel Smith said the tape looks like a liquidation tied to a hedge fund, not macro factors.Oil and rates remain relatively unchanged, he noted, but nearly eight hundred thousand calls traded on the VIX Thursday.

“My data says to de-risk, but my gut says this is a blowout that could create a dip-buying opportunity”