OptionsHouse

Options Trading News

November 30, 2012  Fri 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Major equity indexes rose again yesterday, driving the CBOE Volatility Index lower.

The S&P 500 was up 6.02 points, closing just shy of 1416. It did dip midday on "fiscal cliff" comments by House Speaker John Boehner but quickly recovered. Support remains at 1380 and resistance at 1428.

The Nasdaq 100 was up 14.76 points to 2680. It has support and resistance at 2600 and 2700.

The small-cap Russell 2000 had the best percentage gain of 1.19 percent, or 9.7 points, to finish the session at 823.20. Unlike the other two indexes, the RUT closed just off its session high. Support remains at 800 and resistance at 830.

The volatility index was down 0.45 points, or 2.9 percent to 15.06--just off the low of the day. The VIX futures were also lower, with the December and January contracts both down 0.30 points to 15.20 and 17 respectively.

More than 730,000 VIX options changed hands, with calls just barely outpacing puts. The SPX options turned over 615,000 times, with a put/call ratio of 2 to 1. The VVIX Index, which measures the implied volatility of the VIX options, fell another 2.45 percent to a new all-time low of 78.42.
Share this article with your friends


Related Stories

VIX

VIX at highest level in 4 months

June 29, 2015

The CBOE Volatility Index is up 23.75 percent to 17.35 in midday trading, just off its intraday peak and its highest level since Feb. 11.

VIX

DRJ: Keep a close eye on volatility

June 29, 2015

As the Greek crisis intensifies, we are likely to see an explosion in volatility as widespread selling in European markets in turn pressures our indexes.

VIX

Video: Heavy July VIX call selling

June 24, 2015

After a steady stream of buying recently, Group One's Jamie Tyrrell says a trader sold 75,000 July 17 calls yesterday, and those levels are holding today.

VIX

Videocast: Cheap VIX call buying

June 23, 2015

With the volatility index down again today, Group One's Jamie Tyrrell says traders are buying July VIX calls but for much lower prices than last week.

VIX

Video: August insurance in VIX

June 22, 2015

After last week's heavy volume paused on Friday, Group One's Jamie Tyrrell says VIX call buying has resumed with traders focused on August.

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

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »