OptionsHouse

Options Trading News

January 16, 2013  Wed 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes climbed into yesterday's close but finished mixed, as did the CBOE Volatility Index and its futures.

The S&P 500 was up 1.66 points to 1472.34, its highest close since November 2007. The SPX fell below 1464 just after the open and mostly climbed from there, finishing just below its intraday high. The index is right at resistance, while the first support level is about 1447.

The Nasdaq 100 fell 12.72 points, or 0.46 percent, to 2722.98 as losses from Apple again weighed on the index. The NDX was below 2711 shortly after the open and did climb from there but ran into resistance at 2725 mid-day and was unable to recover. It continues to have support and resistance at 2670 and 2785 respectively.

The Russell 2000 ended the day at 884.60, up 0.51 percent to an all-time closing high. The small-cap index finished just off its session high of 884.84, an all-time intraday high. Support remains at 853.

The VIX was barely higher, up 0.03 points to 13.55. The January futures, which settle this morning, ended yesterday unchanged at 14.10. The February futures were down 0.15 points to close at 15.8.

More than 743,000 VIX options traded, 393,000 of which were calls. The VVIX Index, which measures the implied volatility of the VIX options, was down 0.6 percent to close at 77.84--just above its all-time lows.
Share this article with your friends


Related Stories

VIX

Videocast: Rolling VIX protection

March 5, 2015

Group One's Jamie Tyrrell says the big volatility trade of the day is selling April VIX contracts to buy protection in May and June.

VIX

Videocast: VIX traders look to June

March 4, 2015

Group One's Jamie Tyrrell says near-term VIX call buying has declined as traders are move to contracts in later months.

VIX

Videocast: Near-term pop in VIX?

March 3, 2015

Group One's Jamie Tyrrell says today's action in the VIX pits indicates that traders are positioning for volatility to rise in the near term.

VIX

Videocast: Traders see floor in VIX

March 2, 2015

Group One's Jamie Tyrrell says traders are selling March VIX puts, apparently believing that further downside potential in the volatility index is limited.

VIX

Videocast: VIX 'cash spread' hedge

February 27, 2015

Group One's Mike Palmer explains the strategy behind a VIX "cash spread" as traders cover positions going into the weekend.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

View more education articles »