tradeMONSTER: Trade free for 90 days

Options Trading News

May 1, 2013  Wed 2:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes climbed again and pushed the S&P 500 to yet another all-time high, while the CBOE Volatility Index and its futures fell.

The S&P 500 was up 3.96 points to close at 1597.57, a new closing and intraday high for the index. It fell below 1587 in the first hour of trade but then climbed from there. The index now has support at 1572 and then 1541.

The Nasdaq 100 climbed to its highest level since December 2000, adding more than 20 points to close at 2887.44, just a tick off its session high. Resistance is at 2990, with support at 2822 and then 2750.

The Russell 2000 gained 5.03 points to close at 947.46. That was the high of the day for the small-cap index, which was below 940 early in the session. Its all-time high of 954 remains resistance, while support is at  924 and then 900.

The VIX fell 0.19 points to close at 13.52, its low of the day, after climbing to 14.28 in the first hour of trading. Interestingly, it remains in the range of the last week and well above its March lows even with the S&P 500 at new highs. (The VIX and the SPX usually move inversely.)

The May VIX futures were down 0.30 points to 14.45, while the June futures lost 0.20 points to close at 15.35. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.36 percent to 18.89.

The VIX option volume picked up a bit as 449,000 contracts changed hands. Calls made up 341,000 of that volume.

Share this article with your friends


Related Stories

VIX

Videocast: VIX January calls sold

December 19, 2014

Group One's Jamie Tyrrell says traders are selling premium in the front-month VIX contracts as volatility continues to decline.

VIX

VIX retreats as equities rally again

December 19, 2014

The major equity indexes continued to rebound and recover losses yesterday, pushing the CBOE Volatility Index down more than 13 percent.

VIX

Videocast: Huge bet on lower VIX

December 18, 2014

Group One's Jamie Tyrrell says a huge trade is looking for the VIX to fall in coming weeks, selling the January 20 calls and buying the 15 puts 90,000 times.

VIX

VIX below 20 as equities rebound

December 18, 2014

Equity indexes rallied hard yesterday, accelerating higher after the Fed's policy afternoon announcement to close just off session highs. The CBOE Volatility Index fell back below the 20 level.

VIX

Videocast: Premium selling in VIX

December 17, 2014

Group One's Jamie Tyrrell says there has been "a ton" of activity in January VIX contracts, with traders selling premium heavily.

Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER