OptionsHouse

Options Trading News

November 29, 2012  Thu 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The equity indexes climbed into positive territory at the end of yesterday's session, driving the CBOE Volatility Index and VIX futures lower.

The S&P 500 was up 11 points to close just shy of 1410, its high of the day. It traded as low as 1387 in the morning but rose from there after the market interpreted comments from Washington as positive on "fiscal cliff" negotiations. Support is at 1380 and resistance at 1428.

The Nasdaq 100 was up almost 24 points to 2665.27, a gain of 0.9 percent, for the best percentage move among the indexes. It dipped below 2620 in the first hour before beginning its ascent. Support is 2600 at and resistance at 2700.

The Russell 2000 gained 5.76 points to finish at 813.50. It broke below $799 in the morning but also closed at its session high.

The VIX was down 0.41 points, or 2.58 percent, to 15.51. It was as high as 16.98 during the equity lows. The December VIX futures were down 0.65 points, or 4 percent, to close at 15.50, surprisingly below the spot reading of the volatility index. The January VIX futures fell 0.55 points to 17.25.

The SPX options traded 540,000 contracts, with puts just outpacing calls. The VIX options traded 347,000 times, led by 240,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, gave up 4.5 percent to close at 80.39 after hitting an all-time intraday low of 80.34.
Share this article with your friends


Related Stories

VIX

Videocast: Big April VIX call buying

March 27, 2015

GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.

VIX

Videocast: VIX not showing panic

March 26, 2015

Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.

VIX

Videocast: April, August VIX calls

March 25, 2015

As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.

VIX

Videocast: Looking for higher volatility

March 24, 2015

Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.

VIX

Videocast: Buying April VIX calls

March 19, 2015

As the market pulls back from yesterday's rally, Group One's Jamie Tyrrell says traders are buying VIX April 22, 26, and 27 calls.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »