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BUY VIX Now? Volatility EXPLAINED (VXX UVXY TIVX)In simplistic terms, the VIX is a measure of how much traders are willing to buy or sell the S&P index, which is a measure of the top The volatility index, or VIX,1 is a useful tool for assessing risk and trading volatility. Discover how you can trade the VIX and see examples. The primary way to trade the VIX is to.