India VIX
India VIX Today
| Metric | Value | Read |
|---|---|---|
| India VIX | 15.76 | Elevated premium |
| Change vs previous session | Not published | Not available |
India VIX stood at 15.76 as of Friday, 23 October 2026 — elevated premium. India VIX (the "fear gauge") measures the market's expectation of Nifty's volatility over the next 30 days, derived from the prices of out-of-the-money Nifty options. It doesn't predict direction — only magnitude: a higher VIX means the market is pricing in bigger swings, in either direction, and option premiums get richer as a result.
MarketCue's AI-Agentic platform uses India VIX as the first of three inputs to its Stage 2 Option Readiness score (alongside IV-vs-VIX and days-to-expiry). The bands are fixed and documented: 11–14 is the ideal, lowest-risk range for buying option premium; below 11 is unusually thin, theta-heavy premium; 14–18 is elevated; 18–22 carries real IV-crush risk; and above 22 blocks fresh option-buying strategies specifically — though selling strategies like credit spreads and iron condors remain allowed at any VIX level, since a seller benefits from elevated premium rather than being exposed to it decaying.
Today's reading of 15.76 means MarketCue's AI-Agentic platform currently scores India VIX as "Elevated premium" for the purposes of picking a strategy — this feeds directly into whether a Naked Call/Put, a Debit Spread, a Credit Spread, or an Iron Condor gets recommended for a given Market Bias, alongside the IV-vs-VIX and days-to-expiry scores. The full scoring table is on the rules page linked below.
Read the full MarketCue scoring methodology
Source: NSE option chain. .
Frequently asked questions
- How does India VIX affect option buying?
- India VIX sets the day’s risk posture. MarketCue reads 11–14 as the ideal, lowest-risk range for buying premium; below 11 as thin, theta-heavy premium; 14–18 as elevated; 18–22 as high with IV-crush risk; and above 22 as a level that blocks fresh option-buying strategies specifically, while selling strategies (credit spreads, iron condors) remain allowed.
- What is considered a high India VIX?
- MarketCue treats 18 and above as elevated, and above 22 as high enough to block fresh option-buying strategies outright (selling strategies remain allowed at any VIX level). Below 11 is treated as unusually low — thin, theta-heavy premium that makes buying less attractive for a different reason.
- Does a high India VIX mean the market will fall?
- No — VIX measures expected volatility (the magnitude of moves priced into options), not direction. A high VIX means bigger swings are expected in either direction, and richer option premiums as a result; it does not by itself indicate a bullish or bearish bias.