Options Action Wall Street's 'fear gauge' punches back as the 'crash up' in chip stocks finally reverses

Business

It's been one of the wildest stock markets on record lately but you wouldn't have known it looking at the Cboe Volatility Index . Friday's sell-off just made things a lot clearer. The non-stop, two-month 80% rally in semiconductor stocks that added roughly half a trillion dollars in market cap to the Nasdaq 100 , spurred one of the most successful ETF launches in history, and birthed dozens of eye-popping, parabolic single stock moves, finally hit a wall on Friday as the VanEck Semiconductor