Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 27, 2013  Wed 12:10 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were back to the highs yesterday, driving the VIX and its futures lower.

S&P 500 rose 12 points to close at 1563.77, less than two points off the all time closing high. It continues to have resistance at that 1565 level from 2007, while is now 1538.

The Nasdaq 100 advanced 17 points to 2806.5, but is still unable to get out of the recent range. The resistance at 2817 holds and support is still at 2760.

The Russell 2000 also failed to make new highs. It was up 4 points to 949.82, within yesterdays range, but more importantly more than three points below the closing high from March 14. It has resistance at that high of 954 and support at 930.

The VIX fell 0.97, or 7 percent, to 12.77. Part of that decline may result from time decay being priced in before the coming three-day weekend. It rose off the day's low into the close and finished above the morning lows as well, even as the SPX rallied.

VIX futures followed to the downside. April contracts lost 0.35 to close out trading at 14.20. The May futures declned 0.25 to finish the day at 15.55. This had the VXX down 2.66 percent to 20.13, another new all time closing low.

The action was apparently dominated by selling as the VVIX, the volatility index of those VIX options, dropped 4.2 percent to 85.14.

Total options volume was light with less than 11.9 million. Just over 503,000 VIX options traded, with 386,000 calls.
Share this article with your friends


Related Stories

SPX

Stocks climb on Apple, Facebook

April 24, 2014

S&P 500 futures are up almost 0.4 percent, while the Nasdaq 100 is up 1.4 percent. European markets are up more than 0.5 percent, though Asia was mostly lower in the overnight session.

SPX

Durable goods, jobless data on tap

April 24, 2014

The earnings calendar is heavy as well, with results from Caterpillar, GM, UPS, Verizon, Eli Lilly, Freeport-McMoRan, PulteGroup, D.R. Horton, Starwood, and American Airlines.

SPX

Equities retreat after quick rally

April 23, 2014

S&P 500 futures are off about 0.1 percent, while Europe is lower by about 0.5 percent. Asia was mixed overnight, with Tokyo up 1 percent and Hong Kong down by a similar amount.

SPX

Earnings, manufacturing on tap

April 23, 2014

In addition to HSBC/Markit's preliminary purchasing managers indexes for China and Europe, we will get earnings from Boeing, Delta Air Lines, Biogen Idec, EMC, and Dow Chemical this morning.

SPX

Stocks hover, pausing from rebound

April 22, 2014

S&P 500 futures are little-changed as the index pauses at a resistance level, but the Nasdaq 100 is continuing to claw its way back from its recent selloff.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER