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

Futures slip as market awaits news

July 28, 2014

S&P 500 futures are down about 0.1 percent, while Europe is mixed. Shanghai gained more than 2 percent ovenright after Chinese data showed industrial profit growth almost doubling in June.

SPX

Pending home sales lead calendar

July 28, 2014

The economic calendar begins slowly this week but grows increasingly busy. The main data report today is pending home sales at 10 a.m. ET.

SPX

Futures lower after Amazon misses

July 25, 2014

S&P 500 futures and Nasdaq 100 futures are slightly lower with the e-commerce giant down more than 10 percent. European trading is mixed, while Asian bourses were mostly higher overnight.

SPX

Quiet calendar before busy week

July 25, 2014

The only economic headline is Germany's Ifo survey of business conditions ahead of a full calendar next week. AbbVie, LyondellBassell, Tyco, Vodafone, and Xerox issue quarterly results today.

SPX

Earnings, data send stocks higher

July 24, 2014

Stocks are poised to set new records today, fueled by strong earnings and economic data. Investors are specifically reacting to blowout numbers from Facebook and strong global manufacturing numbers.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER