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

VIX below 12 as stocks remain firm

August 21, 2014

Equity indexes continued their grind higher yesterday, pushing the CBOE Volatility Index back to levels from late July.

VIX

August VIX settlement at 12.15

August 20, 2014

The August VIX futures settled this morning at 12.15. The spot volatility index is currently at 12.12, down 0.09 points, and has been in a tight range today.

VIX

VIX attracts unusual call spread

August 20, 2014

A complex call spread topped heavy option volume in the CBOE Volatility Index yesterday, betting on higher volatility in the nearer term.

VIX

Equities higher again as VIX slips

August 20, 2014

Equity indexes again gained ground and pushed the Nasdaq 100 to new highs amid some interesting volatility action.

VIX

VIX falls as Nasdaq 100 hits highs

August 19, 2014

Equity indexes rallied sharply yesterday as the Nasdaq 100 hit a new 13-year high, while volatility expectations continued to recede.

Premium Services

Education & Strategy

Repairing losers with ratio spreads

Last week we mentioned the "stock repair strategy." This week is a good time to follow up, given the action...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER