VIX Jumps to Highest Close Since 2025 The VIX, derived from S&P 500 options pricing, measures expected volatility over the next 30 days. A reading above 30 signals that traders are pricing in meaningful near-term turbulence. Friday’s close of 31.05, up 3.61 points on the session, follows four consecutive weekly closes above 25, the longest such stretch since 2022. Options markets are showing elevated open interest and skew, reflecting demand for downside hedges going into April. VIX futures remain in contango, meaning traders expect volatility to persist rather than fade. April 2026 contracts reflect that caution. The CBOE Volatility Index …