OptionsHouse

Options Trading News

July 23, 2013  Tue 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes gained on the day, with two of the three pushing to new record highs while the CBOE Volatility Index declined.

The S&P 500 as up 3.44 points to 1695.53, another record-high close. The SPX broke above 1697 in the morning but then went sideways. It has support at 1652.

The Nasdaq 100 was up 10.30 points to 3055.23, trying to make up some of Friday's losses. It has resistance at 3091 and support at 3000.

The Russell 2000 picked up 2.93 points to close at 1053.41. That wasn't far off the intraday high and is a new closing high. It has support at 1000.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so I will refrain from listing them.)

The VIX was down 0.25 points, or 1.99 percent, to 12.29--the very low of the day. It remains higher than actual volatility, with the 20-day historical rate of the SPX at 9.3 percent and the 10-day reading at 7.3 percent.

The August VIX futures lost 0.20 points to close at 14.70, and the September futures slipped 0.30 points to 16.20. This had the the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.1 percent to $15.83. 
Share this article with your friends


Related Stories

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.

VIX

Videocast: Futures see higher VIX

February 26, 2015

Although the spot volatility index remains below 14, Group One's Dominic Savino says the March VIX futures are targeting the 16 level.

VIX

Videocast: Low short-term volatility

February 25, 2015

Although a big player is buying VIX March 23 calls, Group One's Mike Palmer says the iPath S&P 500 VIX Short-Term Futures Note (VXX) settled today near 11.

VIX

Videocast: VIX falls as Yellen talks

February 24, 2015

Group One's Mike Palmer says traders are betting on lower volatility amid speculation that the Federal Reserve will not hike interest rates before the end of the year.

VIX

Videocast: The VIX ahead of Yellen

February 23, 2015

Volatility has calmed down after a rocky open today, but Group One's Mike Palmer says the VIX could move early tomorrow with Senate testimony by Fed Chair Janet Yellen.

Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

The Strike-Based Greeks

The other Greeks (Gamma, Vega, and Theta) are calculated by using month and strike data, and not by individual option. These are called strike-based Greeks. Gamma, Theta, and Vega are all strike-based Greeks

View more education articles »