Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 23, 2012  Tue 12:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes staged a strong rebound into yesterday's close, finishing mixed though mostly unchanged while driving the CBOE Volatility Index lower.

The S&P 500 ended the day up 0.63 points at 1433.82, climbing for the last two hours of trade after hitting a low of 1422.06. Support and resistance remain unchanged at 1428 and 1465 respectively.

The Nasdaq 100 fared the best of the indexes, ending the day up 16.25 points or 0.61 percent at 2694.56. It rode the heels of Apple, which was up just shy of 4 percent and regained all of Friday's losses. The NDX has support at 2650 and resistance at 2715.

The Russell 2000 also followed a similar intraday pattern but was unable to make up all of the
morning losses. It finished the day down 0.48 points to 820.52 and sits at support at 820, with another level at 816, while resistance is at 846.

The lack of volatility had the VIX finishing the day at 16.62, down 0.44 points, or 2.6 percent. It climbed to 17.98 going into the last two hours but then slid from there.

The November VIX futures were down 0.30 points to finish trading at 17.30, while the December futures were down 0.45 points to 18. The term structure had been flattening out but widened with the final hour.

More than 710,000 S&P 500 Index options traded, with 445,000 puts. The VIX options changed hands 296,000 times, led by 216,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, had been higher all day but finished barely down at 92.48.
Share this article with your friends


Related Stories

VIX

Videocast: Reversal in VIX pits

April 24, 2014

Group One's Jamie Tyrrell says traders rushed to buy May and June calls when stocks fell early today, but the activity quickly subsided as the market has calmed down.

VIX

Equities break six-day win streak

April 24, 2014

The Nasdaq 100 led the major indexes lower yesterday, but the CBOE Volatility Index posted only a fractional gain.

VIX

Videocast: Traders sell VIX calls

April 23, 2014

Group One's Jamie Tyrrell says traders are "selling the possibility of a big move" in the VIX in the next few weeks, led by a large sale of May 18 calls.

VIX

Stock indexes climb to key levels

April 23, 2014

Equity indexes extended their winning streak to six sessions yesterday, bringing them to key technical levels while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX sellers trump buyers

April 22, 2014

Group One's Jamie Tyrrell says sell orders have overwhelmed purchases, most notably a May 20/30 call spread sold 30,000 times.

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