Equities mixed after late-day bounce
Chris McKhann | firstname.lastname@example.org
Equity indexes were mixed at the end of yesterday's session but well off their lows as the CBOE Volatility Index gave up intraday gains.
The S&P 500 was up 6.03 points, or 0.32 percent, to 1869.43. It had gains in the first hour of the session but then fell to support at 1850 before rebounding. The SPX has resistance at 1880 and support at 1850 and 1840.
The Nasdaq 100 rose 11.93 points, or 0.34 percent, to 3545.03. The NDX dropped all the way to 3489 before recovering in the afternoon. Resistance is at 3600 and support at 3500.
The Russell 2000 fell 5.97 points to 1117.06. The RUT followed a pattern similar to that of the other indexes but never made it back into positive territory. The small-cap index has resistance at 1160 and support at 1100.
The VIX slipped 0.09 points, or 0.64 percent, to close at 13.97. The volatility index peaked at 15.38 at the S&P 500's session lows.
The nine-day CBOE Short-Term Volatility Index (VXST) was up 0.14 points , or 1 percent, to 14.08. It saw a high of 16.48 as the VIX peaked.
The VIX futures were mixed, with the May contracts finishing at 15.25 and the June futures closing at 15.85. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.1 percent to $40.95.
Video: VIX drop lures call buyers
July 31, 2015
With the spot volatility index slipping below 12 today, Group One's Jamie Tyrrell says traders are buying the VIX August 12 calls while premiums are relatively low.
Videocast: VIX put selling pays off
July 30, 2015
The VIX is little-changed today, and Group One's Jamie Tyrrell explains how recent put selling has paid off for volatilty traders.
Video: Case study in VIX pullback
July 29, 2015
Group One's Jamie Tyrrell says the volatility index's move down in the last week illustrates just how quicly the VIX can fall as well as rise.
Video: Traders unload puts in VIX
July 28, 2015
As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.
Video: Call buyers ride pop in VIX
July 27, 2015
With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.