Learn the trade here. Make it on tradeMONSTER

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

Videocast: Heavy VIX call buying

October 24, 2014

Group One's Jamie Tyrrell says traders are buying November calls and futures in large size, quickly driving premiums higher.

VIX

VIX slips as big rally erases losses

October 24, 2014

Equity indexes rallied sharply yesterday, erasing the losses of the previous session and sending the CBOE Volatility Index lower.

VIX

Videocast: Protection gets cheaper

October 23, 2014

Although the volatility index is dropping with today's rally, Group One's Jamie Tyrrell says traders are buying VIX protection at lower premiums.

VIX

Volatility rises as equities pull back

October 23, 2014

The major equity indexes gave up ground yesterday, and the key volatility measures reacted by moving sharply higher.

VIX

Videocast: Quiet returning to VIX?

October 22, 2014

Group One's Jamie Tyrrell says the VIX fell 10 percent a day for three straight sessions, the first time that has ever occurred.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER