Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 11, 2013  Mon 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes closed last week with some new highs, as the CBOE Volatility Index dropped again.

The S&P 500 was up 8.54 points to 1517.93 on Friday, its highest close since October 2007. The index surged right after the open and stayed in an amazingly tight 2-point range for most of the day, finishing just off the session's highs. Support is now at 1492.

The Nasdaq 100 added 29 points to close at 2775. It also ran higher at the open and stayed in a 4-point range. The NDX is still lagging the other indexes but did see its highest close since mid-October. It has resistance at 2785 and support at 2715.

The Russell 2000 was up 5.6 points to 913.67, yet another new all-time high for the small-cap index. It has support at 895.

The VIX was lower on the day but able to hold the 13 level. It was down 0.48 points, or 3.6 percent, to 13.02 after hitting a low of 12.89 in the morning. The 20-day historical volatility for the SPX is just below 8 percent.

The VIX futures followed lower. The February futures, which have only two days left to trade, and were down 0.30 points to 13.80. The March futures lost 0.25 points to finish at 15.10.

This left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2 percent at 22.99, pushing back toward the all-time low of $22.45 set on Jan. 24.

The VIX options turned over 378,000 contracts, led by 229,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, was down 3.2 percent to 74.42, not far off last month's lifetime low.
Share this article with your friends


Related Stories

VIX

Videocast: VIX call buyer returns

November 24, 2014

Group One's Jamie Tyrrell says a large trader continues to purchase VIX December 19 and 23 calls, though others are buying put spreads.

VIX

Rally pushes VIX below 13 level

November 24, 2014

Equity indexes closed Friday off its best levels of the morning but still at new highs, pushing the CBOE Volatility Index below the 13 level.

VIX

Videocast: VIX futures hold firm

November 21, 2014

Even after the market rallied hard this morning, Group One's Jamie Tyrrell says the VIX futures barely budged and actually moved higher later.

VIX

SPX hits new closing high; VIX slips

November 21, 2014

Equity indexes rallied again yesterday, pushing the S&P 500 to another milestone while sending the CBOE Volatility Index lower.

VIX

Videocast: VIX call buyer returns

November 20, 2014

For the second day in a row, Jamie Tyrrell says a big player is buying the VIX December 19 and 23 calls in large volume but at lower prices.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER