OptionsHouse

Options Trading News

July 29, 2013  Mon 1:16 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes closed near their highs on Friday, rebounding from earlier losses.

The S&P 500 rose 1.4 points to 1691.65, after declining 14 points in the morning. Resistance remains at the intraday high of 1699 earlier in the week and support at 1659.

The Nasdaq 100 was the strongest of the three benchmarks we monitor, gaining 0.48 percent to 3076.23. It also fought back from a 15-point drop and continues to hold its 10-day moving average. Resistance is at the intraday high around 1699, while 1659 is support.

The Russell 2000 lagged, shedding 0.54 percent to 1048.51. That comes one session after the index made a new all-time closing high on Thursday. Resistance is likely to be found at the intraday high of about 1057, with support at 1020. It also recovered from a drop of more than 1 percent earlier in Friday's session.

The gains in the S&P 500 pushed the CBOE Volatility Index down 0.25 points, or 1.93 percent, to 12.72. The iPath S&P 500 VIX Short-Term Futures Note (VXX), which comprises the two nearest-month VIX futures, fell 0.32 percent to a record closing low of $15.51.
Share this article with your friends


Related Stories

SPX

Stocks hold gains after jobs data

July 1, 2015

S&P 500 futures rebounded 0.8 percent as investors look past the Greek debt crisis and focus on economic news. Europe was broadly higher while bonds continue to fall.

SPX

ADP jobs, ISM lead busy agenda

July 1, 2015

Mortgage applications are today's first U.S. headline, followed by ADP private-sector payrolls and the Institute for Supply Management's manufacturing index.

SPX

Cramer: 7 reasons for a selloff

June 30, 2015

At least seven issues would have driven us down at least 1 percent yesterday. And you can tack on another 0.75 percent from the moves by parties on both side of the Greek crisis.

SPX

Futures are rising after big drop

June 30, 2015

Stocks are trying to rebound from their worst drop in more than a year as investors look past the risks of Greece defaulting on its debt today.

SPX

Greece, consumer data on tap

June 30, 2015

Consumer confidence is the main economic report today, though the Greek debt crisis will remain a major concern. The Chicago Purchasing Managers Index will also be announced.

OptionsHouse

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 »