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: VIX not showing panic

March 26, 2015

Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.

VIX

Videocast: April, August VIX calls

March 25, 2015

As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.

VIX

Videocast: Looking for higher volatility

March 24, 2015

Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.

VIX

Videocast: Buying April VIX calls

March 19, 2015

As the market pulls back from yesterday's rally, Group One's Jamie Tyrrell says traders are buying VIX April 22, 26, and 27 calls.

VIX

Videocast: VIX settlement at 15.67

March 18, 2015

Group One's Jamie Tyrrell says traders are buying VIX April 22 and 26 calls for protection after a quiet March expiration.

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »