Options Trading News

April 29, 2013  Mon 12:14 AM CT

Equity indexes gave up a bit of ground on Friday but had good gains for the week.

The S&P 500 pulled back 2.92 points, or 0.18 percent, to close at 1582.24. It spent almost the entire session in negative territory, dipping to 1578 in midday trading. Resistance remains at 1597 and support at 1540.

The Nasdaq 100 was down 8.11 points, or 0.28 percent, to 2804.55. The NDX followed the same pattern as the SPX, falling to 2830 and then cutting its losses. Resistance is at 2860 and support at 2743.

The Russell 2000 was down 5.03 points, or 0.53, percent to 935.25. Resistance is at 954 and support at 900.

The CBOE Volatility Index was down just 0.01 points to 13.61 after trading as high as 14.18 midday. The May VIX futures were flat at 14.80, while the June contracts gained 0.05 points to finish at 15.55. The iPath S&P 500 VIX Short-Term Futures Note (VXX) was up just 0.01 points to 19.26.

The VIX saw only 262,000 options change hands, seemingly seeing some spillover from Thursday's CBOE outage. The VXX traded more than 344,000 options, as its volume continues to trend higher.
Share this article with your friends

Related Stories


Video: VIX traders sell premium

November 25, 2015

As activity slows the day before Thanksgiving, Group One's Jamie Tyrrell says traders are selling December 21 calls.


Video: Big call spreads in the VIX

November 24, 2015

After the VIX Weekly contracts settled at 16.56 this morning, Group One's Jamie Tyrrell says today's big trades are December and February call spreads.


Video: Complex January call play

November 23, 2015

As volume slows this Thanksgiving week, Group One's Jamie Tyrrel says the largest trade today is buying the January 19 calls and selling the January 24 and 26 calls.


Video: Will VIX hold at 16 level?

November 20, 2015

The spot volatility index is dropping below 16 today, but Group One's Jamie Tyrrell says one large put seller does not expect the VIX to go much lower.


Video: VIX call buying accelerates

November 19, 2015

Group One's Jamie Tyrrell says heavy VIX call buying continues to mount this week, with 96,000 December 27 contracts purchased today.


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »