OptionsHouse

Options Trading News

November 27, 2013  Wed 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pulled back from new record highs yesterday but still managed to finish higher on the session.

The S&P 500 was up just 0.27 points to 1802.75. It hit a new intraday high of 1808.42 with about 30 minutes left to trade, then slipped into the bell. It has support at 1775.

The Nasdaq 100 was up 18.27 points to 3445.76. It had been as high as 3455.54. Those were new 13 year highs. It has support at 3360.

The Russell 2000 gained 9.80 points to 1134.53. It topped out at 1136.24 but held up better than its peers through the end of the session, on a percentage basis. Those were new all-time highs for the RUT, which has support at 1100.

(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 jumped ot 12.99 in the first hour of trade but finished the day up fractionally to 12.81. That is surprising given that we have a shortened week, as the volatility index usually falls to reflect the time decay of days off.

The December VIX futures closed at 13.75, up 0.10 points on the day, while the January futures were flat at 15.05. That pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.56 percent to $44.84.
Share this article with your friends


Related Stories

VIX

Videocast: Selling high VIX strikes

January 30, 2015

Group One's Jamie Tyrrell says today's big volatility trades are selling this pop in the VIX, unloading the February 29 and 30 calls.

VIX

VIX drops as equities bounce back

January 30, 2015

The major equity indexes rebounded yesterday after the steep selloff in the previous session, and the CBOE Volatility Index dropped nearly 19 percent.

VIX

Videocast: VIX action 'wishy washy'

January 29, 2015

After the VIX soared late yesterday, Group One's Jamie Tyrrell says today's volatility trading is "wishy washy" as the pits try to decide which way the market is heading.

VIX

Videocast: April call spread in VIX

January 28, 2015

Low volumes persist in volatility trading, but Group One's Jamie Tyrrell says one trader is buying a VIX April 18/25 call ratio spread.

VIX

VIX rises as equities fall on earnings

January 28, 2015

Equity indexes lost ground after a slew of disappointing earnings reports but did finish off the lows of the session. The CBOE Volatility Index gained nearly 11 percent.

OptionsHouse

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »