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: Volatility in September?

August 20, 2015

Group One's Jamie Tyrrell says traders are buying next month's calls on the volatility index, bracing against a pullback in the S&P 500.

VIX

Videocast: VIX draws September buyers

August 19, 2015

Group One's Jamie Tyrrell says large electronic buy programs are snapping up crash protection in the volatility index.

VIX

Videocast: VIX premiums down before expiry

August 18, 2015

Group One's Jamie Tyrrell says premium is getting sucked out of on volatility index calls on their last full day of trading.

VIX

Videocast: The VIX at crossroads

August 7, 2015

The volatility index has seen broad swings with the market today, and Group One's Jamie Tyrrell says traders think that the VIX can go either way from here.

VIX

Video: Put buyer bucks pop in VIX

August 6, 2015

Volatility is jumping with today's market declines, but Group One's Jamie Tyrrell says a large player continues to bet that the VIX will fall below 12.

Invest Like a Monster - San Antonio: October 9-10

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »