OptionsHouse

Options Trading News

July 12, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equities advanced again yesterday as all three major indexes climbed to landmark highs, but the CBOE Volatility Index was down only slightly.

The S&P 500 was up 22.40 points to 1675.02, a new closing high. It finished just off the day's highs, which came just before the closing bell. It now has support at 1620 and then 1573.

The Nasdaq 100 was up 58.79 points to 3059.45. While that isn't an all-time high, it is the best since November 2000. It has support at 2950. 

The Russell 2000 jumped to another new all-time high of its own, gaining 12.75 points to close at 1033.17. The small-cap index is up 9.5 percent from the low of three weeks ago. It has support at 986.

The VIX slipped 0.20 points, or 1.4 percent, to 14.01. It was down at 13.57 with about 90 minutes left in the session but then had an odd and sharp rebound.

The VIX futures followed suit, ending down but off the lows of the day. The July futures lost 0.35 points to close at 14.50, while the August contracts fell 0.30 points to finish trading at 16.05.

This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) was down 2.7 percent to yet another new low of $17.18. It has lost 26 percent in the last three weeks. 
Share this article with your friends


Related Stories

VIX

Video: VIX drop lures call buyers

July 31, 2015

With the spot volatility index slipping below 12 today, Group One's Jamie Tyrrell says traders are buying the VIX August 12 calls while premiums are relatively low.

VIX

Videocast: VIX put selling pays off

July 30, 2015

The VIX is little-changed today, and Group One's Jamie Tyrrell explains how recent put selling has paid off for volatilty traders.

VIX

Video: Case study in VIX pullback

July 29, 2015

Group One's Jamie Tyrrell says the volatility index's move down in the last week illustrates just how quicly the VIX can fall as well as rise.

VIX

Video: Traders unload puts in VIX

July 28, 2015

As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.

VIX

Video: Call buyers ride pop in VIX

July 27, 2015

With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »