Options Trading News

April 26, 2013  Fri 1:16 AM CT

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


Video: VIX traders sell premium

November 25, 2015

As activity slows the day before Thanksgiving, Group One's Jamie Tyrrell says traders are selling December 21 calls.


Video: Big call spreads in the VIX

November 24, 2015

After the VIX Weekly contracts settled at 16.56 this morning, Group One's Jamie Tyrrell says today's big trades are December and February call spreads.


Video: Complex January call play

November 23, 2015

As volume slows this Thanksgiving week, Group One's Jamie Tyrrel says the largest trade today is buying the January 19 calls and selling the January 24 and 26 calls.


Video: Will VIX hold at 16 level?

November 20, 2015

The spot volatility index is dropping below 16 today, but Group One's Jamie Tyrrell says one large put seller does not expect the VIX to go much lower.


Video: VIX call buying accelerates

November 19, 2015

Group One's Jamie Tyrrell says heavy VIX call buying continues to mount this week, with 96,000 December 27 contracts purchased today.


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »