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

Equity indexes rally to key levels

April 23, 2014

Equity indexes extended their winning streak to six sessions yesterday, bringing them to key technical levels while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX sellers trump buyers

April 22, 2014

Group One's Jamie Tyrrell says sell orders have overwhelmed purchases, most notably a May 20/30 call spread sold 30,000 times.

VIX

Equities extend streak to 5 days

April 22, 2014

The CBOE Volatility Index slipped yesterday as equity indexes advanced again, extending their winning streak to five sessions.

VIX

Videocast: May VIX calls bought

April 21, 2014

Group One's Jamie Tyrrell says a large player who frequently buys VIX calls is now targeting the May 20 and 24 levels in the volatility index.

VIX

VIX falls as equities extend streak

April 21, 2014

Major equity indexes ended last week with a four-day winning streak, pushing the CBOE Volatility Index down almost 6 percent to 13.36.

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER