Options Trading News

September 25, 2013  Wed 2:14 AM CT

The S&P 500 finished lower again yesterday, its first four-day decline since the first half of August. Other indexes fared better.

The SPX fell 4.42 points, or 0.26 percent, to 1697.42. It bounced from a seven-session low in the morning, pushed toward 1708, and then closed back near its lows. The last time it declined four straight days was between Aug. 14 and Aug. 19. Resistance is Thursday's high of 1730, and support is at 1670.

The Nasdaq 100 shed 0.68 points, or 0.02 percent, to finish at 3218.66. The index hit a 13-year intraday high of 3248.52 on Friday, which is now resistance. Support is at 3150.

The Russell 2000 was the only of the three indexes to climb, adding 2.55 points, or 0.24 percent, to 1074.68. It set a new all-time high of 1081.91, which is now resistance. The 1050 level is still support.

CBOE Volatility Index ended down 0.23, or 1.61 percent, to 14.08 despite the S&P 500 falling. The two indexes usually move inversely.

The VIX remains under its 200-day moving average and is well below the June peak of 21.91.
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