Market Sentiment The VIX closed at 15.77, below both its 10-day moving average of 17.14 and its 200-day moving average of 22.86. This indicates a relative level of complacency in the market with lower implied volatility expectations for the near future. The S&P 500 Index closed at 4169.49, above its 10-day moving average of 4129.35 and its 200-day moving average of 3964.75. This signals a positive trend for the market in the short and long term. Option Volumes The VIX call option volumes for the day summed to 874,378 contracts. It was observed that the majority of the call options were bought at a price equal to or above the ask price, indicating bullish sentiments of investors. Call options with delta values between 0-20 had the highest trading volume of 423,867 contracts
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