Equity indexes rebound from selloff
Chris McKhann | email@example.com
Equity indexes rebounded yesterday, making up most of the ground lost in Monday's selloff.
The S&P 500 was up 14.94 points to finish up the session at 1588.03. It was in positive territory all day and hit its session highs shortly before the close. Support is at 1560 and resistance a 1652.
The Nasdaq 100 gained 18.30 points to close at 2866.50. Support is at 2825 and resistance at 3000.
The Russell 2000 rose 1.07 percent to 961.26. It finished just off the day's high, which came right before the bell. Support is at 943 and resistance at 1000.
The CBOE Volatility Index fell 1.64 points, or 8.16 percent, to close at 18.47. It dipped to 17.82 shortly before the close and is now lower than the S&P 500's 10-day historical volatility of 20 percent.
The VIX futures followed lower, with the July contracts down 0.70 points to 19.45. The August futures fell 0.35 points to 19.95. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.83 percent to $22.17.
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.