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

VIX falls as equities extend streak

April 21, 2014

Major equity indexes ended last week with a four-day winning streak, pushing the CBOE Volatility Index down almost 6 percent to 13.36.

VIX

What's next, the 'Cortisol Index'?

April 18, 2014

Most traders believe themselves rational and logical But all of the work done in behavioral economics has exposed our various psychological biases, which tend to hurt us in our investing.

VIX

Why you need to understand volatility

April 18, 2014

Volatility trading may sound like a complex and obscure strategy, but it is important because every option trade is also a volatility trade, whether intentional or not.

VIX

Videocast: Huge straddle in VIX

April 17, 2014

Group One's Jamie Tyrrell says one major player is opening the equivalent of a giant straddle in the May VIX contracts.

VIX

Equities extend streak; VIX near 14

April 17, 2014

The major equity indexes extended their winning streak to a third consecutive session yesterday, driving the CBOE Volatility Index back near 14.

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER