(Bloomberg) -- Implied volatility for tech shares had remained relatively contained, in comparison with the VIX surge last month. That's over now: the measure of options prices for an exchange-traded fund tracking the Nasdaq 100 Index has hit its highest level since July relative to that for the SPDR S&P 500 ETF Trust. So-called FANG -- Facebook Inc., Amazon.com Inc., Netflix Inc. and Google's parent Alphabet Inc. -- tumbled on Tuesday, with the NYSE FANG+ Index experiencing its worst plunge ever.
To contact the reporter on this story: Cecile Vannucci in London at cvannucci1@bloomberg.net.
To contact the editors responsible for this story: Chris Nagi at chrisnagi@bloomberg.net, Sheldon Reback
©2018 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
