OptionsHouse

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: 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.

VIX

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.

VIX

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.

VIX

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.

VIX

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.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »