Can VIX Go over 100?

Possible VIX Value Range

VIX (CBOE Volatility Index) can theoretically reach any value from zero to positive infinite. It can not be negative, but there it no theoretical limit on the upside.

VIX can definitely go over 100.

Actual VIX Value Range

In reality, VIX over 100 would be very unusual. In fact, the VIX index has never been above 100 any time during its available data history (since 1990). The highest VIX close ever recorded was 80.86 on 20 November 2008 (during the peak of the financial crisis). Taking also intraday moves into consideration, the all-time high in VIX has been 89.53 on 24 October 2008. You can find more details about these highs, as well as tables with other record VIX readings here (and here is similar statistics for all-time lows).

VIX long term chart (1990-2013, closing values only)

VIX Would Have Been Over 100 during the 1987 Crash

Although there is no VIX historical data covering that period, it is highly likely (almost sure) that the VIX would have been way over 100 during the market crash in October 1987. In fact, there is data available for VIX calculated using the old methodology (which was used until 22 September 2003), now known under the ticker symbol VXO, that goes back to 1986. VXO closing value on the Black Monday (19 October 1987) was 150.19. Intraday high was 172.79 the day after. Although the calculation of VXO is slightly different from VIX, their values are very similar. It is safe to conclude that based on the available VXO data the VIX would have been way over 100 in 1987.

VXO long term chart (1986-2013, closing values only)

More Explanation

If you are not much familiar with VIX and volatility (which is measured by the VIX), you can find more explanation here:

Related pages

formulas on profit and lossintrinsic value of a call optionformula for ungrouped dataform 13fhow to find median with even numberswhat is meant by weighted average cost of capital wacccalculate std devkurtosis formulablack scholes model calculatorwacc weighted average cost of capitalbull put spread strategyformula for calculating standard deviation in statisticsfxa etfhow to calculate percent deviationexcel option calculatorwhat is leptokurticput option payoffmerits and demerits of central tendencyformula to calculate average in excelstock price volatility calculationstraddle strategy exampleblack scholes option pricing model excelstdev.pwhat is the cboe volatility indexexponential moving average algorithmvix futures term structurecomputational formula for the sample varianceblack scholes options calculatorstock momentum formulablack scholes interest ratesvxy prospectusmarket value weighted indexwarren buffett sec filingshow to calculate average with weighted percentagesmean variance and standard deviation formulatrade vixaverages on excelformula to calculate variance percentagesoros fund management websitequote uvxyspx historical chartinverse etfs listtrading macd histogramweighted average cost calculatorexcel formula variancecboe s&p 500how to calculate averages in excelformula for implied volatilitycalculate coefficient of skewnessbuy the vixvix put optionshull options futuresfinding the sample variancemodified black scholessharpe ratio formula excelblack scholes valuehow to calculate rsiweighted average inventory costing methodoex option chainoption calculator excelblack scholes calculator with dividendsskewness and kurtosis interpretationstandard deviation calculator financevix shortvix s&pubs e tracsannualized variancevix futures quotesvariance covariance var example13f berkshire hathawayexcel formula explanationsblack scholes pricing formuladjia calculationavco inventoryhow to compute waccoption trading spreadsheetformula for standard deviation in excelblack scholes model calculatorcomputational formula for standard deviationskewness of distributionoption implied volatility calculatorwhat is skewness and kurtosisvix realtime