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

VIX declines as equities rebound

September 17, 2014

The major equity indexes rebounded sharply yesterday, driving the CBOE Volatility Index lower by nearly 10 percent.

VIX

Equities drop, send VIX above 14

September 16, 2014

Equity indexes finished yesterday in the red but were above the lows of the day. The CBOE Volatility Index posted its first close above 14 in a month.

VIX

VIX above 13 as equities pull back

September 15, 2014

Major equity indexes were lower at the end of the Friday's session, pushing the CBOE Volatility Index back above the 13 level.

VIX

Small caps lead equity rebound

September 12, 2014

The major equity indexes finished yesterday mixed but at their highs of the day after climbing off morning lows. The CBOE Volatility Index was little-changed.

VIX

VIX below 13 as equities rebound

September 11, 2014

The major equity indexes reversed morning losses to finish higher yesterday, pushing the CBOE Volatility Index back below the 13 level.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER