VIX18.39
• +0.00%
Market Pulse
VIX, VVIX & Market Volatility Analysis
Read volatility before reading a ticker.
Compare implied and realized volatility, SKEW, positioning proxies and macro indicators before exploring individual stocks and options.
VIX intelligence updatedOct 26, 2026 9:20 PM EDT
The dashboard refreshes from cached observations; sources update at different times. Check the displayed timestamps. This is not a real-time quote service.
Market indicators
Oct 26, 2026 9:20 PM EDT
90-day adaptive risk levels
VVIX101.43
• +0.00%
DXY102.10
▲ +0.07%
US10Y4.986%
▼ -0.04%
BTC$80,090
▲ +0.15%
WTI$101.02
▼ -0.48%
GOLD$4,026.80
▲ +0.20%
SILVER$54.13
▲ +0.28%
The P label is an adaptive historical percentile, not a probability of a market decline. LOW / MED / HIGH reflects available history; the day count shows observations used. Colors summarize relative conditions, not buy or sell instructions. Read the methodology notes.
Market sentimentBearish
Market tone is cautious to negative, driven by clear skepticism on the AI trade: an S&P 500 ex-AI index is outperforming, investors are questioning neocloud debt-fueled returns (with Musk warning of widespread failures), and Microsoft is pursuing large voluntary buyouts for capital efficiency amid its AI build-out. Additional drags include Apple product-quality issues on a new device, a bigger JetBlue loss, FTC action against a major retailer, and rising political uncertainty from a weakened Trump coalition ahead of midterms. Partial offsets are an Anthropic S-1 filing (supporting IPO activity), an Apollo stake deal, talk of improving airline margins, and a fully expected Fed hold, but these do not outweigh the fraying of the growth/AI narrative that has supported equities.
VIX Intelligence
VIX, volatility premium & market risk
Risk, premium and positioning in one view
The history window is still building. Treat classifications as lower confidence.
Current volatility regimeCalm
Volatility conditions are comparatively stable. Confirm symbol-level risk before acting.
Decision compass
A fast read of the conditions that matter for entry risk
RegimeCalm
TrendTrend Down
Golden PitMedium Risk
Tail RiskNormal Tail Risk
SKEWHigh Tail Risk Skew
GEXLow Gex
IV vs RVIv Overpriced
GammaShort Gamma Proxy
VIX & VVIX: volatility structure
Expected equity volatility and volatility of volatility
VIX18.39
VVIX101.43
VIX 30-minute18.39
VIX 5-day18.81
VIX 20-day17.22
VIX / VVIX 5-day ratio0.18
VVIX termVvix Rising3D 108.59 · 5D 105.84 · 10D 105.38
VIX measures options-implied expectations for 30-day S&P 500 volatility. VVIX measures expected volatility of the forward VIX. Neither predicts the direction of stock prices. Definitions & sources
Implied vs. realized volatility
Volatility risk premium and the cost of uncertainty
IV / realized volatility1.88×Iv Overpriced
Realized volatility 10D10.81
Realized volatility 20D9.77
Volatility risk premium8.62Positive Vrp
Volatility momentum1.03
Volatility carry8.62
SKEW150.97High Tail Risk Skew
A ratio above 1 means the implied-volatility input exceeds the realized-volatility comparison. It is not a guaranteed selling edge: horizons differ, future volatility can rise and trading costs matter.
Positioning & tail risk
Dealer mechanics, systematic flow and stress pressure
GEX proxy0.01Gamma flip-2.04Gamma stateShort Gamma Proxy
CTA trendNeutralCTA score3.18
Tail-risk score0.45SKEW150.97SKEW stateHigh Tail Risk Skew
Divergence5.63Divergence stateNeutralVVIX term3.21
GEX and positioning proxies are model estimates, not a direct inventory of dealer holdings. SKEW and the model's tail-risk classification measure different aspects of risk and can disagree; neither rules out a large market move.
Index confirmation
SPY, QQQ and IWM either confirm or challenge the read
SPYTrend Neutral
IV 13.97IVR 22.2IVP 48.6RSI Rsi NeutralBB Bb NormalMACD Macd Bullish
QQQTrend Neutral
IV 23.81IVR 63.4IVP 81.3RSI Rsi NeutralBB Bb NormalMACD Macd Bearish
IWMTrend Neutral
IV 19.21IVR 19.8IVP 34.3RSI Rsi NeutralBB Bb NormalMACD Macd Bearish
Built from VIX, VVIX, realized volatility and index-confirmation observations. Classifications describe market structure; they are not personalized investment advice or an order instruction. Latest observation: Oct 26, 2026 9:20 PM EDT.
Methodology & limitations
How to read this volatility dashboard
Start with the market backdrop, compare volatility measures, then examine the evidence for an individual symbol. No single indicator establishes a trading opportunity.
What do VIX, VVIX and SKEW measure?
VIX describes expected S&P 500 volatility, while VVIX describes uncertainty about VIX itself. SKEW reflects the pricing of tail risk in S&P 500 options. A subdued VIX does not mean tail risk has disappeared.
Index definitions: Cboe VIX, Cboe VVIX and Cboe SKEW background. These references explain the indices; they do not imply a direct Cboe data feed or endorsement.
How are the percentile and risk labels used?
The macro cards use available daily observations from a requested 90-day history window. The adaptive percentile blends shorter and longer lookbacks when enough observations exist. It is not a fixed VIX threshold or a crash probability.
History may be shorter than the requested window. Confidence labels describe history availability, not forecast accuracy. Macro-card colors and the VIX Intelligence regime are separate views and need not match.
Are these live quotes or trading signals?
The page displays cached market observations and derived research. Dashboard refresh, model generation and underlying quote times are different; refreshing the page does not make an older observation current. Instruments may also have different market sessions.
Positioning and gamma labels are proxies, not verified dealer positions or executable price levels. Missing values and limited-history warnings should not be interpreted as low risk. This is generalized research, not personalized advice.
About Jason Wheel Research LLC · Separate methodology: JW Rank for individual symbols
Put this context around the symbols you follow.JW Rank, Intelligence Reports, AI context, option structures and dated, inspectable strategy history share one decision language.
Compare plansMeet JW AI Agents and explore how available market evidence becomes research context. Indicator readings remain source data, not AI-generated values.
Shared coverage
JW Rank universe
One row per distinct active-Watchlist symbol. User identities, Watchlist relationships and account data are never exposed.
| Symbol | Classification | Last price | JW Rank | Coverage |
|---|---|---|---|---|
| IBIT iShares Bitcoin Trust ETF Find IBIT research |
ETFs | $45.89 | JW 68.7 Constructive |
88% |
| QQQ Invesco QQQ Trust Find QQQ research |
ETFs | $704.80 | JW 66.6 Constructive |
88% |
| SPY State Street SPDR S&P 500 ETF Trust Find SPY research |
ETFs | — | JW — | — |
| AAPL Apple Inc Find AAPL research |
Technology | $347.40 | JW 83.9 Strong setup |
100% |
| ADBE Adobe Inc Find ADBE research |
Technology | $263.03 | JW 78.8 Constructive |
100% |
| AMAT Applied Materials Inc Find AMAT research |
Semiconductors | $376.80 | JW 52.7 Balanced |
100% |
| AMD Advanced Micro Devices Inc Find AMD research |
Semiconductors | $516.50 | JW 62.0 Balanced |
100% |
| AMZN Amazon.com Inc Find AMZN research |
Retail | $248.60 | JW 63.9 Balanced |
99% |
The public table is a working sample.Create a free account to start a three-symbol Watchlist with the same JW Rank language.
Create free account
Turn market context into focused research
Continue with a symbol report, understand its score or check the next scheduled event.
Event risk
U.S. economic calendar
Review every current U.S. release by date, Eastern Time and impact level. Compare actual, forecast and previous values without mixing the event agenda into the volatility dashboard.
Current window62 events
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