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The Volatility Index (VIX), also known as the Chicago Board Options Exchange (CBOE) Volatility Index, is a market index that measures the expected volatility of the US stock market over the next 30 days. The VIX is calculated by combining the weighted prices of the index's put and call options for that period, and is based on the prices of near-term S&P 500 options traded on the CBOE.
