OptionsHouse

Options Trading News

April 26, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pushed higher yesterday, while the VIX and its futures finished mixed after an outage suspended trading at the CBOE for several hours.

The S&P 500 rose 6.37 points to 1585.16. It pushed above 1592 in the early afternoon and then slipped into the close. This came despite the problems at the CBOE, which meant that the SPX and VIX options didn't trade for most of the day. Resistance is at 1597 and support at 1540. (See related story)

The Nasdaq 100 was up 14.53 points to 2848.65. The gains made up for its losses from a week ago Monday. Resistance remains at 2860 and support at 2743.

The Russell 200 gained 6.16 points to 940.28, off its session highs. Resistance is still at 954 and support at 900.

The VIX was up just 0.01 points to 13.62. It fell as low as 13.13 midday, but the morning action was suspect because it is calculated off those SPX options, which weren't trading.

The May and June VIX futures both gained 0.10 points to close at 14.75 and 15.50 respectively. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.1 percent to 19.25.

At the end of the day, 390,000 SPX options traded and 251,000 VIX options traded.
Share this article with your friends


Related Stories

VIX

Videocast: How to hedge volatility

September 3, 2015

Russell Rhoads of the CME explains the pros and cons of leveraged exchange-traded funds that are based on VIX futures.

VIX

Video: What the VIX 'curve' shows

September 2, 2015

The CBOE's Russell Rhoads says nearer-term VIX futures are above the later contracts in what's known as "backwardation," indicating that higher volatility may not end right away.

VIX

Video: What VIX pits are seeing

September 1, 2015

Traders were buying VIX calls above the 40 level early in the session, but Group One's Mike Palmer says that activity quickly pulled back.

VIX

Video: Whipsaw moves in the VIX

August 31, 2015

Group One's Mike Palmer explains why the volatililty index saw broad swings right before and after the weekend. Traders are now focused on today's close.

VIX

Videocast: Volatility in September?

August 20, 2015

Group One's Jamie Tyrrell says traders are buying next month's calls on the volatility index, bracing against a pullback in the S&P 500.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Options Academy: On Options Strategies in General

Before we hop into the different option strategies, I have a few thoughts for you to remember concerning the strategies and our use of them.

View more education articles »