CBOE SKEW INDEX
It measures hedging activity against major market moves.
A rise in SKEW Index means that more people are hedging against big market move.
A low of 111.47 is what cooled off the market, currently the weekly SKEW index is at 114.66 (17/3/2020)
Support Range (Low at 113-111)
Resistance Range (High above 148)
The rising SKEW could mean investors are wary of major macro events, such as negative trade developments.
CBOE SKEW Index, which represents how traders are pricing the possibility of a “black swan” event.
The SKEW Index is based on pricing for S&P 500 options that are well “out of the money” and would only come into play if the market moves significantly.
Both the VIX and the SKEW look at volatility at a 30-day horizon.
Resistance Range (High above 148)
The rising SKEW could mean investors are wary of major macro events, such as negative trade developments.
CBOE SKEW Index, which represents how traders are pricing the possibility of a “black swan” event.
The SKEW Index is based on pricing for S&P 500 options that are well “out of the money” and would only come into play if the market moves significantly.
Both the VIX and the SKEW look at volatility at a 30-day horizon.
The current value of CBOE Skew Index can be found by clicking on the below link
