OptionsHouse

Options Trading News

October 1, 2013  Tue 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes gave up a bit of ground yesterday but were well off session lows as last-minute wrangling continued over the federal budget.

The S&P 500 was down 10.20 points to close at 1681.55. It dipped below 1675 right out of the gate and saw some volatility in the last hour. It has resistance at 1730 and support is 1630.

The Nasdaq 100 fell 12.11 points to 3218.20. It followed a similar pattern as the SPX, dipping below 3187 early. It has resistance at 3248 and support at 3100.

The Russell 2000 was off just 0.40 points to 1073.79. It opened the day by slipping below 1062 before recovering and even going positive briefly in the afternoon. It has resistance at 1082 and support at 1040.

The CBOE Volatility Index was up 1.14 points, or 7.37 percent, to 16.60. The VIX topped at 17.49 at the open and climbed back above 17 before the closing bell.

The VIX futures followed suit, but to a lesser degree. The October futures are now lower than the spot volatility index, as those futures gained 0.70 points to close at 16.20. The November futures rose 0.55 points to 16.90. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 3.51 percent to $14.70.
Share this article with your friends


Related Stories

VIX

Video: Traders unload puts in VIX

July 28, 2015

As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.

VIX

Video: Call buyers ride pop in VIX

July 27, 2015

With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.

VIX

Video: Steady buying in VIX calls

July 24, 2015

With the market down again today, Group One's Jamie Tyrrell says traders are snapping up calls in August, September, and October.

VIX

Video: August VIX calls pick up

July 23, 2015

Group One's Jamie Tyrrell says traders are buying VIX calls again today, with the largest purchase in the August 18 contracts.

VIX

Videocast: July VIX settles at 12.82

July 22, 2015

With this morning's July expiration out of the way, Group One's Jamie Tyrrell says traders are buying the VIX August 18 and 22 calls.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »