Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 19, 2013  Fri 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were mixed at the end of the day, but the S&P 500 and the Russell 2000 still managed to post new record highs.

The SPX rose 8.46 points to 1689.37, an all-time closing high. The index also posted a new intraday high of 1693. It has support at 1652.

The Nasdaq 100 lost 7.46 points to finish at 3077.81. The NDX did climb to an intraday high of 3091 before slipping as low as 3072 and then regaining some ground. It may have some resistance at that high, with support at 3000.

The Russell 2000 gained 7.75 points to end the day at 1050.27, a new closing high, after reaching a record intraday high of 1052.46. The small-cap index 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 CBOE Volatility Index was down just 0.01 points to 13.77. It slipped to 13.20 in the first hour of trade and then gained ground from there despite the rally in the S&P 500. The VIX and the SPX usually move inversely.

The August VIX futures lost 0.15 points to close at 15.45, and the September futures fell 0.05 points to 16.90. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.7 percent to a new low of $16.53.
Share this article with your friends


Related Stories

SPX

When rolling makes good sense

September 1, 2014

Unlike most other things that expire, option positions can be rolled to different time frames or strikes to adjust a trade. Here's why that is often worth considering.

SPX

Stocks drift higher into long weekend

August 29, 2014

S&P 500 futures are up about 0.25 percent and back near their highs from earlier in the week. European markets are fractionally higher, and Asia was mostly positive overnight.

SPX

Chicago PMI on tap before holiday

August 29, 2014

Today's agenda brings a handful of reports, but trading will probably be light ahead of the Labor Day weekend. Data on personal income and consumer sentiment will accompany the Chicago reading.

SPX

Stocks pull back on Ukraine worries

August 28, 2014

The decline follows news late yesterday that Russian armored troops had entered Ukraine and were fighting in support of pro-Moscow rebels.

SPX

Revised GDP dominates calendar

August 28, 2014

The Commerce Department will report the second-quarter data at 8:30 a.m. ET. Economists forecast a GDP increase of 4 percent, equal to the preliminary estimate at the end of July.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER