OptionsHouse

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: Selling VIX April calls

March 31, 2015

With volatility down from last week's spike higher, Group One's Jamie Tyrrell says traders are selling April calls that had been purchased in large volume.

VIX

Videocast: VIX call wave subsides

March 30, 2015

Group One's Jamie Tyrrell says 250,000 VIX April 20 calls were purchased in the previous two sessions, but that big player appears to be on the sidelines with today's market rally.

VIX

Videocast: Big April VIX call buying

March 27, 2015

GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.

VIX

Videocast: VIX not showing panic

March 26, 2015

Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.

VIX

Videocast: April, August VIX calls

March 25, 2015

As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »