OptionsHouse

Options Trading News

July 26, 2013  Fri 2:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
An enormous put sale is looking for the CBOE Volatility Index to rise in coming months.

optionMONSTER systems detected the sale of 57,892 VIX September 14 puts for $0.54 yesterday. This is a new position, as the volume was above the strike's previous open interest.

The put seller is betting that the VIX will be above the 14 level at expiration in mid-September. VIX options are priced on their respective futures. (See our Education section)

The September VIX futures finished the day at 15.90. The August futures closed trading at 14.50, while the spot volatility index ended the session at 12.97. The VIX is right in the middle of its recent range between 14 and about 12. 
Share this article with your friends


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

View more education articles »