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: Muted activity in VIX calls

May 5, 2015

Even with the May futures rising above 15, Group One's Jamie Tyrrell says there has been surprisingly little interest in buying VIX calls.

VIX

Video: Traders target VIX 14 level

May 4, 2015

The volatility index is positive despite gains in the S&P 500, bucking their usual inverse relationship, and Group One's Jamie Tyrrell says traders continue to target the VIX 14 level.

VIX

Videocast: May VIX call buys return

May 1, 2015

With VIX futures falling as the market rebounds today, Group One's Jamie Tyrrell says 38,000 VIX May 18 calls were purchased today.

VIX

Videocast: VIX traders turn to June

April 30, 2015

Group One's Jamie Tyrrell says volatility traders are targeting June VIX contracts today as the recent heavy May call buying has apparently subsided.

VIX

Videocast: VIX 20 level targeted

April 29, 2015

Group One's Jamie Tyrrell says a big VIX call buyer is back with the market down today, this time targeting 75,000 May 20 contracts.

OptionsHouse

Premium Services

Education & Strategy

Basics of synthetic positions

Before we get into the 6 basic synthetic positions, there are some basic principles that are necessary to review and make it easier to understand Synthetic Positions. By clearly understanding these concepts, Synthetic Positions become rather easy...

View more education articles »