OptionsHouse

Options Trading News

September 10, 2013  Tue 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes surged yesterday, breaking through key resistance levels. The CBOE Volatility Index climbed with the S&P 500 for the final 90 minutes of trade but still finished lower.

The S&P 500 gained 16.54 points, or 1 percent, to close just off its session high at 1671.71. It has resistance at 1680 and support at 1627.

The Nasdaq 100 rose 36.55 points, or 1.17 percent, to a new 13-year closing high of 3169.93. It now has support at 3055. (When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so I will refrain from listing them.)

The Russell 2000 was up 16.53 points, or 1.61 percent, to finish at session high of 1046.08. It has resistance at the August high of 1063 and support at 1000.

The VIX was down 0.22 points, or 1.39 percent, to 15.63. It declined inversely to the SPX's rise until the last two hours, when the VIX bounced off 15.22 and then climbed from there.

The VIX futures were down even more. The September and October contracts both fell 0.70 points, to 15.80 and 16.80 respectively. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 3.72 percent to $15.52. 
Share this article with your friends


Related Stories

VIX

Videocast: Selling VIX April calls

March 31, 2015

With volatility down from last week's spike higher, Group One's Jamie Tyrrell says traders are selling April calls that had been purchased in large volume.

VIX

Videocast: VIX call wave subsides

March 30, 2015

Group One's Jamie Tyrrell says 250,000 VIX April 20 calls were purchased in the previous two sessions, but that big player appears to be on the sidelines with today's market rally.

VIX

Videocast: Big April VIX call buying

March 27, 2015

GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.

VIX

Videocast: VIX not showing panic

March 26, 2015

Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.

VIX

Videocast: April, August VIX calls

March 25, 2015

As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »