What determines the value of the VIX?

[Wolfgang1756]

1:30pm ET now and VXX is up 1.6% SPY is up 0.4%

Sweet sweet money

 

[Wolfgang1756]

Quote from dealmaker:

Take the VIX number e.g. 48 divide that by 16 and that gives the potential move of the stocks 3 points, this is the relevant information.

Thanks.

 

[mastertrader12]

yeah, thanks for the link!