OptionsHouse

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

Futures rebound before key data

May 1, 2015

S&P 500 futures are up 0.3 percent, while most European markets are closed for May Day. Hong Kong and Mumbai fell almost 1 percent each. Oil is holding its ground after rallying.

SPX

ISM, construction data lead agenda

May 1, 2015

The Institute for Supply Management's manufacturing index is the main item on today's agenda, followed by construction spending and consumer-sentiment data.

SPX

Futures lower following weak data

April 30, 2015

S&P 500 futures are lower by 0.1 percent and the Nasdaq 100 futures by about 0.3 percent. European indexes are off slightly, but Tokyo led Asia lower with a drop of almost 3 percent.

SPX

Jobless claims, income on docket

April 30, 2015

The U.S. data starts at 8:30 a.m. ET with initial jobless claims, personal income, and personal spending. Claims are expected to come in at 290,000, compared with 295,000 the previous week.

SPX

Futures pressured by weak GDP

April 29, 2015

First quarter gross domestic product missed estimates by a wide margin. Attention will now turn to the Fed's policy statement this afternoon.

OptionsHouse

Premium Services

Education & Strategy

Introduction to Synthetics

"Synthetics" is the name given to the relationship of two separate positions, constructed differently, that have the same exact risk and reward at each and every price level. They say that there is more than one way to skin a cat...well, there is always more than one way to create an option position...

View more education articles »