Equity indexes rebound from selloff
Chris McKhann | [email protected]
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.
Videocast: VIX call buying returns
April 27, 2015
Group One's Jamie Tyrrell says upside VIX buyers are back after taking a break last week, today opening a May 16/21 call spread 32,000 times.
Videocast: VIX premiums fall more
April 24, 2015
As the market continues its rally today, Group One's Jamie Tyrrell says demand for upside VIX contracts falls off the cliff.
Videocast: Cheap protection in VIX
April 23, 2015
With the spot VIX and its futures falling today, Group One's Jamie Tyrrell says traders are coming back to buy protection with premiums low.
Videocast: May call selling in VIX
April 22, 2015
Group One's Jamie Tyrrell says a big player who bought more than 100,000 May calls recently is starting to let go of those options.
Videocast: Surge in May VIX calls
April 21, 2015
Group One's Jamie Tyrrell says a major volatility trader is back accumulating VIX calls in the May 20 and 21 strikes.