Learn the trade here. Make it on tradeMONSTER

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: Volume falls in VIX pits

July 29, 2014

With the volatility index continuing to remain below 20, Group One's Jamie Tyrrell says volume has dropped in VIX contracts with fewer traders buying protection.

VIX

VIX, equity indexes close almost flat

July 29, 2014

The major equity indexes were mixed but essentially unchanged at the end of yesterday's session, as was the CBOE Volatility Index.

VIX

Videocast: Betting on lower volatility

July 28, 2014

Group One's Jamie Tyrrell says there was a big buyer in the Weekly puts in the ProShares Ultra VIX Short-Term Futures Note.

VIX

VIX back above 12 as equities slide

July 28, 2014

Stocks fell on Friday, leaving the major equity indexes almost unchanged on the week while the CBOE Volatility Index climbed back above the 12 level.

VIX

VIX up as SPX hits another high

July 25, 2014

Equity indexes were mixed and little-changed at the end of yesterday's session, with the S&P 500 barely making new highs and the CBOE Volatility Index rising slightly.

Premium Services

Free Webinars

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER