The "VIX futures price" currently hovers just below 16, a level analysts consider neutral for short-term equity risk appetite. Compared to last quarter’s average of 18.5, implied volatility has cooled, potentially signaling confidence in upcoming corporate earnings results. Using the December 19th expiry, the trade would involve buying the $140-strike call and the $140-strike put. The premium paid for the trade would be $2,810, which is also the maximum loss. The maximum profit is theoretically unlimited. The lower breakeven price is $111.90 and the upper breakeven price is $168.10. There are different ways to measure stock market volatility. Three common approaches are beta, implied volatility, and the Cboe Volatility Index (VIX) . Beta and VIX values can be found on most financial websites. To find implied volatility values, you may have to look specifically at options data. The Federal Reserve’s policy stance remains a pivotal driver for the "VIX futures price". A softer tone on rates has flattened the curve, hinting at short-term comfort but caution in Q4 projections.