Equities finished week on wild ride
Chris McKhann | [email protected]
Equity indexes went on a roller-coaster ride on Friday but ended barely higher. The CBOE Volatility Index was also up fractionally.
The S&P 500 was up just 0.09 points to close at 1655.17. It was volatile in the morning, dipping to 1641, then climbed to 1664 in the early afternoon before giving up those gains in the last hour. Resistance is at 1670 and support at 1627.
The Nasdaq 100 followed a similar pattern, gaining 3.44 points to close at 3133.38. It has resistance at 3149 and support 3030.
The Russell 2000 was up 0.86 points to 1029.55. It has support at 1000 and resistance at 1055.
The VIX was up 0.08, or 0.51 percent, to 15.85. The volatility index surged as high as 16.80 in the first hour's market selloff. It then slid down to 15.17 and climbed in the last hour.
The VIX futures followed suit. The September and October VIX futures were both up 0.1 to close at 16.5 and 17.5 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.69 percent to $16.12.
Videocast: VIX call buying returns
April 27, 2015
Group One's Jamie Tyrrell says upside VIX buyers are back after taking a break last week, today opening a May 16/21 call spread 32,000 times.
Videocast: VIX premiums fall more
April 24, 2015
As the market continues its rally today, Group One's Jamie Tyrrell says demand for upside VIX contracts falls off the cliff.
Videocast: Cheap protection in VIX
April 23, 2015
With the spot VIX and its futures falling today, Group One's Jamie Tyrrell says traders are coming back to buy protection with premiums low.
Videocast: May call selling in VIX
April 22, 2015
Group One's Jamie Tyrrell says a big player who bought more than 100,000 May calls recently is starting to let go of those options.
Videocast: Surge in May VIX calls
April 21, 2015
Group One's Jamie Tyrrell says a major volatility trader is back accumulating VIX calls in the May 20 and 21 strikes.