VIX Futures Jump To Highest Level In Over 3 Years

Futures for the CBOE Volatility Index , or VIX, are surging 26% in early trade Monday, to trade above the 25.0 level for the first time since June 15, 2012. The VIX futures soared 44% over the last four sessions of last week, to close Friday at the highest levels since Feb. 2, 2015, as the S&P 500 tumbled 6.3% and the Dow Jones Industrial Average slumped 1,085.43 points, or 6.2%, over the same time. During the selloff ending June 2012, the S&P 500 dropped 9.9% in two months, while the Dow slid 8.9%. In the current selloff, the S&P 500 has dropped 7.5% from its May 21 record close on May 21 through Friday, and the Dow has lost 10.1% since it's May peak.