The CBOE Volatility Index (VIX) has experienced a notable decline over the past few days, dropping from 19.60 to as low as 15.95. On January 14, the VIX was reported at 19.60, indicating a significant level as the market approached lows. By January 15, the index fell to 17.00, and further decreased to 16.02 on January 16. Analysts suggest that the VIX may have found a floor around 16, with rising realized volatility levels being noted. As of the latest updates, the VIX has reached 15.95, with speculation about it potentially dropping to 14 in the near future. Overall, the market appears to be stabilizing, particularly with the S&P 500 (SPX) nearing the 6000 level ahead of options expiration (OPEX).