Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 31, 2013  Wed 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes closed slightly higher yesterday, while the CBOE Volatility Index was exactly unchanged.

The S&P 500 was up less than 1 point to to 1685.96. It pushed above 1693 right after the open, fell below 1683 in the early afternoon, and bounced from there. Resistance is at 1699 and support at 1660.

The Nasdaq 100 gained 16.38 points to finish at 3085.33. It posted both a closing and intraday 13-year high. The intraday high of 3099.38 came in the morning. Support is at 3000. (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 Russell 2000 rose 2.85 points to 1043.51. Resistance is at 1057 and support at 1000.

The VIX was flat at 13.39. The volatility index was positive for most of the day and climbed to 14.14 by mid-afternoon, but then declined steadily after that. It remains far above actual volatility of the S&P 500, which has a 10-day historical reading of 4.6 percent and the 20-day rate of 7 percent.

The VIX futures were all lower. The August contracts were down 0.35 points to close at 14.30, while the September futures lost 0.25 points to finish at 15.70. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.97 percent to close at $15.40, a new closing low. 
Share this article with your friends


Related Stories

VIX

Videocast: VIX call buying slows

October 31, 2014

With today's big rally, Group One's Jamie Tyrrell says traders are pulling back from their recent wave of call buying in the volatility index.

VIX

VIX declines as equities resume rally

October 31, 2014

The major equity indexes resumed their rally yesterday after pausing in the previous session, sending the CBOE Volatility Index lower again.

VIX

Videocast: Fears of another drop

October 30, 2014

Group One's Jamie Tyrrell says traders have been buying November VIX calls are today are targeting the December 25s, fearing a repeat of the mid-October selloff.

VIX

VIX back above 15 as equities slip

October 30, 2014

Equity indexes finished yesterday lower but little-changed, with the CBOE Volatility Index closing back above the 15 level.

VIX

Videocast: Call spreads in VIX

October 29, 2014

Traders are buying VIX calls again wiith premiums still relatively low, and Group One's Jamie Tyrrell says that vertical spreads are today's most popular strategy.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar Series

The 100K Challenge

Education & Strategy

Anatomy of a butterfly

One of the many esoterically named option strategies is known as a "butterfly." But don't be fooled: Like other advanced...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER