Equity indexes rebounded strongly yesterday but were unable to regain all of Monday's losses.
The S&P 500 was up 15.58 points to close at 1511.29. It climbed to 1514.96 an hour before the bell, its highest intraday price since 2007, but then pulled back below Thursday's close. Resistance is now around that 1515 level, while support is at 1472.
The Nasdaq 100 had the best percentage gain of the three major indexes, ending the day up 1.45 percent. That was a gain of 39.31 points to 2754.99, but it was still below Thursday's highs. Resistance remains at 2770 and support at 2660.
The Russell 2000 rose 0.99 percent, or 8.94 points, to 908.22 but also did not regain Thursday's highs. Resistance will likely be at 913, and support is at 880.
The CBOE Volatility Index was down 0.95 points, or 6.48 percent, to 13.72. It lost ground all day but bounced in the final hour. The VIX February futures lost 0.90 points to close at 14.40, while the March futures were down 0.30 points to 15.60.
The VIX options volume was relatively light at 335,000, led by 255,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, was down 3.5 percent to 75.07, back near its lows.
Options Trading News
Related Stories
VIX
Videocast: Traders selling top in VIX
May 23, 2013
With today's surge in the volatility index, GroupOne's Jamie Tyrrell says traders are selling VIX calls at the 16 and 17 levels.
VIX
VIX, futures rise with market reversal
May 23, 2013
Equity indexes finally gave up some ground yesterday, pushing the CBOE Volatility Index and its futures higher. The Russell 2000 had the worst percentage loss of the equity indexes, down 1.65 percent.
VIX
Videocast: Parsing huge VIX volume
May 22, 2013
GroupOne's Jamie Tyrrell breaks down today's huge volume in volatility trading after the May VIX settlement came in right at expectations.
VIX
May VIX settlement comes in at 13.17
May 22, 2013
Those May VIX futures finished trading at 13.50. The spot volatility index opened at 13.45 and is now down 0.01 points on the day to 13.36.
VIX
Stocks, VIX close with modest gains
May 22, 2013
Major equity indexes continued their march to new highs yesterday, but the CBOE Volatility Index and its futures posted gains as well.
Social Media
Follow optionMONSTER for news and updates
Premium Services
-
Semi-active traders looking for simple calls and spreads (5 per week).
Learn More -
Entry-to-mid level traders looking for full circle trade analysis (1 per week).
Learn More -
Tailored, one-on-one education designed and led by Jon & Pete (3 months and up)
Learn More
