VIX Drops More Than 20% as Stock Short Squeeze Picks Up Steam
The VIX is plunging, down more than 20% on the day, according to @KobeissiLetter. The account says a short squeeze in stocks is gaining momentum and buying pressure is strong across the board as volatility collapses.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 9, 2026 at 6:15 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
The CBOE Volatility Index just kept sliding. According to @KobeissiLetter, the VIX extended its decline past 20% on the day, a drop the account tied directly to a short squeeze building momentum in stocks.
The outlet's read on the tape: buyers are in control. In the same post, Kobeissi flagged "very strong buying pressure across the board" as the force behind the move.
The VIX measures expected swings in the S&P 500, so a one-day collapse of this size marks a sharp reversal in how traders are pricing near-term risk — and, per the account, it is happening while shorts get forced out.
TopicsVIX · CBOE Volatility Index · Kobeissi Letter · S&P 500
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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