U.S. investors will be getting a new stock-market fear gauge on Monday when the Cboe rolls out an index that will track implied volatility using option contracts with less than one day left until expiration.
The new product, the Cboe 1-day Volatility Index, will be disseminated beginning Monday, according to a notice on Cboe’s website. The launch was first reported by Bloomberg News. Cboe didn’t return a request for comment from MarketWatch.
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