Equities break six-day win streak
Chris McKhann | firstname.lastname@example.org
Equity indexes broke a six-session winning streak yesterday with the Nasdaq leading the way lower, but the CBOE Volatility Index was up only fractionally.
The S&P 500 slipped 4.16 points, or 0.22 percent, to 1875.39. It only gave back a bit of Friday's gains and is still near all-time highs from the start of the month. The SPX has resistance at 1890 and support at 1840.
The Nasdaq 100 dropped 31.77 points, or 0.89 percent, to 3557.04. The NDX did give back all of Friday's gains and is now back near its 20-day moving average. Resistance is at 3600 and support at 3450.
The Russell 2000 fell 8.53 points, or 0.74 percent, to 1147.08. It too pushed back to its 20-day moving average. The small-cap index has resistance at 1160 and support at 1100.
The VIX was up 0.08 points, or 0.61 percent, to 13.27. That was the low of the day, as it was up at 13.75 in the first hour of trade. The nine-day CBOE Short-Term Volatility Index (VXST) was up 0.16 points, or 1.28 percent, to 12.67.
The VIX futures were mixed, with the May contracts flat at 15.25 and the June futures off 0.05 points to 15.80. Even with that the iPath S&P 500 VIX Short-Term Futures Note (VXX) was up fractionally to $41 even.
Video: VIX rises with call buying
May 29, 2015
With the spot volatility index higher in this market selloff, Group One's Jamie Tyrrell says traders are buying the VIX June 16 and 17 calls.
Videocast: VIX going to Weeklies
May 28, 2015
Group One's Jamie Tyrrell says new VIX Weekly options will soon replacee available, replacing the nine-day CBOE Short-Term Volatility Index (VXST) contracts.
Video: June VIX calls bought again
May 27, 2015
Even though the market has reversed course with today's rally, Group One's Jamie Tyrrell says traders are buying VIX June 18 calls for the second session in a row.
Video: Volatility measures jump
May 26, 2015
Group One's Jamie Tyrell says traders are buying June and July VIX calls with the spot index up 15 percent and the nine-day CBOE Short-Term Volatility Index (VXST) spiking 40 percent.
Video: Huge June VIX call buy
May 22, 2015
Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.