Wall Street fear gauge VIX surged 21.5% Friday as stocks fell, traders bet on November elevation

The Cboe VIX index jumped 21.5% to 19.99 on Friday as the S&P 500 fell 1.09%, marking its biggest one-day rise since June. Traders bought over 21,000 calls betting the VIX will stay above 23 through November. Historical data shows Friday VIX spikes typically ease on Monday, with a typical drop of 4.5%, and the index has declined in November 25 of the last 36 years. Bitcoin held above $80,000 over the weekend, with its fear gauge BVIV showing no signs of stress, suggesting crypto market stability may ease broader market concerns.