Options Trading News

May 24, 2013  Fri 2:14 AM CT

Equity indexes were mixed at the end of yesterday's session after recovering morning losses, quelling fears that the previous session's sharp selloff would continue.

The S&P 500 lost less than 5 points to close at 1650.51 after dipping to 1636.42 at the open. It was briefly positive with a little more than an hour left to trade but then settled back. Resistance is at 1687 and support at 1630.

The Nasdaq 100 was down 7.68 points, finishing at 2991.45. It fell below 2967 before recovering, also turning positive very briefly. Resistance is at 3053 and support at 2960.

The Russell 2000 was higher at the end of the day, gaining 2.03 points to 984.28. It had fallen to 970 but finished essentially at the high of the day, staying positive for most of the last 90 minutes. Resistance at 1008 and support at 968.

The CBOE Volatility Index was up 0.25 points, or 1.81 percent, to 14.07. The VIX jumped to 15.11 just after the open and then fell below 14 during the lunch hour, but it remained in positive territory all day.

The VIX futures were all higher as well, with the June contracts gaining 0.20 points to 15.50 and the July futures up 0.15 points to 16.55. That boosted the iPath S&P 500 VIX Short-Term Futures Note (VXX) to $18.78, a gain of 0.81 percent.
Share this article with your friends

Related Stories


Video: VIX call buyers loading up

November 30, 2015

Group One's Jamie Tyrrell says volatility traders are buying 15,000 VIX December 20 calls and 30,000 January 30 calls today.


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.



The fastest money in the market
View full report »

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 »