Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 5, 2013  Tue 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pushed higher yesterday, while the CBOE Volatility closed below 13 for the first time in almost three months.

The S&P 500 was up 6.29 points to 1767.93, the second-highest close for the SPX. It finished just off the high of the day, which came just before the bell. It has support at 1740.

The Nasdaq 100 gained 4.98 points to 3384.75, just off the 13-year closing highs from last week. It has support at 3300.

The Russell 2000 climbed 12.61 points to 1108.28. It has support at Friday's low of 1087 and then at 1040.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)

The VIX was down 0.35 points, or 2.64 percent, to 12.93. That was its first close below 13 since Aug. 13.

The near-term VIX futures were unchanged at the end of the day. The November futures finished at 13.95 and the December contracts at 15.05. With that the iPath S&P 500 VIX Short-Term Futures Note (VXX) was down 2.57 percent to $12.50, yet another new all-time closing low.
Share this article with your friends


Related Stories

VIX

VIX drops again as equities rally

October 21, 2014

All of the major equity indexes were higher yesterday, driving the CBOE Volatility Index lower by more than 15 percent.

VIX

Videocast: Volatility quieting down

October 20, 2014

As stocks drift higher after last week's selloff, Group One's Jamie Tyrrell says the big trades today are selling October VIX calls.

VIX

VIX falls as equities close mixed

October 20, 2014

Equity indexes were mixed on Friday to finish a volatile week, while the CBOE Volatility Index dropped nearly 13 percent.

VIX

Videocast: Volatility down big today

October 17, 2014

Group One's Jamie Tyrrell says the volatility index is back down near the 20 level in today's rally, with near-term futures getting "crushed."

VIX

Videocast: November VIX calls sold

October 16, 2014

Group One's Jamie Tyrrell says traders are holding onto protection for the next few days but are selling the November VIX calls, apparently believing that volatility levels are too elevated.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER