OptionsHouse

Options Trading News

December 27, 2013  Fri 2:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pushed to more new highs yesterday as the CBOE Volatility Index continued downward, hitting nine-month lows.

The S&P 500 pushed up to 1842.02, gained 8.70 points to another record closing high and just off the intraday high that came just before the bell. The rise in the last two weeks has been very steep, and support is now at 1810.

The Nasdaq 100 was up 11.78 points to 3584.58, a new 13-year closing high closing high. It has support at 3515.

The Russell 2000 picked up 0.85 points to 1162.65. That too was a new all-time high close, after an intraday peak of 1167.96 in the morning. The small-cap index has support at 1132.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore therefore will refrain from listing any.)

The VIX was down 0.15 points, or 1.2 percent, to 12.33. It was well off the day's low of 11.69, which came with about 2 hours left of trade. That was the lowest VIX reading since mid-March.

The VIX futures were lower but traded sideways from the first minutes after the bell. The January futures finished the day at 13.45 and the February futures at 14.6. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.66 percent to $41.46, another new closing low for that note.
Share this article with your friends


Related Stories

VIX

Video: Huge June VIX call buy

May 22, 2015

Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.

VIX

Video: Heavy June VIX call action

May 21, 2015

A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.

VIX

Video: VIX June 17-18 call action

May 20, 2015

Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.

VIX

Video: VIX going into expiration

May 19, 2015

Group One's Jamie Tyrrell says traders are expecting a quiet May settlement tomorrow morning but are active in the June contracts.

VIX

Video: Low premium in May VIX

May 18, 2015

Group One's Jamie Tyrrell says VIX options are showing little premium levels ahead of the May settlement on Wednesday morning.

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

Premium Services

Archived Webinar

Education & Strategy

Short synthetic stock

With the use of the calls and puts we can not only create Long Synthetic Stock, but Short Synthetic Stock as well...

View more education articles »