Equities finished week on wild ride
Chris McKhann | email@example.com
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: Heavy June VIX call action
May 21, 2015
A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.
Video: VIX June 17-18 call action
May 20, 2015
Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.
Video: VIX going into expiration
May 19, 2015
Group One's Jamie Tyrrell says traders are expecting a quiet May settlement tomorrow morning but are active in the June contracts.
Video: Low premium in May VIX
May 18, 2015
Group One's Jamie Tyrrell says VIX options are showing little premium levels ahead of the May settlement on Wednesday morning.
Videocast: VIX June calls pile up
May 15, 2015
Group One's Jamie Tyrrell says volatility traders are snapping up the VIX June 18 calls after piling into the June 20s all week.