Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 30, 2013  Fri 2:16 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity Indexes pushed higher for a second day, but once again surrendered early gains. The VIX also ended the session higher.

The S&P 500 gained 3.21 points to finish at 1638.17. It had climbed above 1646 by mid-day, but then slid into the close. It again hit resistance at its 10 day moving average, which it's been below the last three weeks. It has resistance at 1670 and support at 1600.

The Nasdaq 100 was up 21 points to close at 3093.36. It did finish above its 10-day moving average, but below its 20 day. Resistance is at 3149 and support at 3030.

The Russell 2000 was again the top percentage gainer, picking up another 1 percent or 10.43 points to close at 1026.93.  Its resistance is at 1055 and support at 1000.

The VIX was higher, picking up 0.32 or 1.94 percent to 16.81. This is especially interesting given that we are going into the three-day weekend. Normally the index would fall as SPX options price in time decay.

VIX futures were mixed.  The Septembers and Octobers were unchanged at 17.35 and 17.95, respectively. Oddly, however, the VXX, which is priced off those futures, rose 2.3 percent to 16.86. 
Share this article with your friends


Related Stories

SPX

Earnings, housing data top docket

October 24, 2014

The earnings parade will continue to dominate the agenda today. New home sales at 10 a.m. ET are the only economic data scheduled for release.

SPX

Strong earnings push futures higher

October 23, 2014

Caterpillar is up more than 4 percent after blowing out estimates. General Motors, 3M, Southwest Airlines, Comcast, and Eli Lilly are higher as well.

SPX

Jobless claims, earnings top docket

October 23, 2014

Jobless claims will be reported at 8:30 a.m. ET. The pre-market earnings lineup includes General Motors, 3M, Eli Lilly, Union Pacific, Celgene, Comcast, American Airlines, and Under Armour.

SPX

Large spread hedges S&P 500

October 22, 2014

A put spread in the S&P 500 Index is looking at the possibility of a huge market decline by early next year. This is very likely what is known as a "tail-risk hedge."

SPX

Stocks pause after quick rebound

October 22, 2014

S&P 500 futures are essentially flat, while most of Europe is higher by less than half a percent. Most of Asia rallied overnight, led by a 2.6 percent surge in Tokyo.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER