Equities finished week on wild ride
Chris McKhann | firstname.lastname@example.org
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.
Video: Near-term VIX calls purchased
February 5, 2016
Group One's Jamie Tyrrell says volatility traders had been looking farther out but are now picking up February 28 calls.
Videocast: Huge VIX call spread sold
February 4, 2016
As the market continues to churn, Group One's Jamie Tyrrell says today's big trade is the sale of a VIX March 30/40 call spread 115,000 times.
Videocast: Big March call spread in VIX
February 3, 2016
As the market pulled back this morning, Group One's Jamie Tyrrell says a major player bought a March 30/40 call spread 150,000 times.
Video: VIX traders buying March calls
February 2, 2016
As volatility rises with today's market decline, Group One's Jamie Tyrrell says traders are purchasing the VIX March 30 and 35 calls.
Video: VIX traders split on next move
February 1, 2016
With the market pausing after last week's rallies, Group One's Jamie Tyrrell says traders are buying both March 15 puts and Weekly 20 calls.