The CBOE Volatility Index (VIX) has shown fluctuations, recently trading at 15.57, with analysts noting a potential retest of 16. Market participants are observing a significant $8.5 million out-of-the-money call print involving 112,263 contracts. The VIX is currently reflecting a monthly mean of 15.03, with traders indicating that the market is seeking support for equity indexes like the S&P 500 (SPX) and Nasdaq (NQ). Despite some weakness in bond markets, there is a sense of stability in equity indexes, particularly among small-cap stocks, which are leading the market. Traders are anticipating VIX expiration tomorrow, with many market makers likely positioned short on the $15 puts, suggesting a potential floor at that level. Additionally, the upcoming Fed Minutes and a scheduled interview featuring Donald Trump and Elon Musk are expected to influence market sentiment.