Options Trading News

January 16, 2013  Wed 12:45 AM CT

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.
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