January VIX futures settle at 13.69
Chris McKhann | firstname.lastname@example.org
The CBOE Volatility Index's January futures settled this morning at 13.69.
The January options that were held through expiration will be cash settled off that level. The futures closed yesterday at 14.10, well above the spot VIX reading, so traders who were short those contracts have a nice gain this morning.
The VIX popped up to 13.76 just after this morning's open but quickly pulled back and is now down 1 percent to 13.41. The now-front-month February futures are down 0.15 points to 15.65.
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May 21, 2013
Equity indexes were mixed but little-changed at the end of yesterday's session, but the CBOE Volatility Index and its futures were higher.
Videocast: Late May action in VIX pits
May 20, 2013
As stocks resume their record rally, GroupOne's Jamie Tyrrell says there is a surprisingly level of activity in the VIX pits ahead of the May settlement on Wednesday.
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Videocast: Traders shift as VIX drops
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As the volatility index falls with today's rally, GroupOne's Jamie Tyrrell says traders are no longer looking for crash protection in May contracts and are buying June VIX calls instead.
Videocast: View of VIX before settlement
May 16, 2013
GroupOne's Dominic Salvino, filling in for Jamie Tyrrell, says VIX traders are targeting the 13 or 14 level ahead of May settlement next week.