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: VIX premiums fall more

April 24, 2015

As the market continues its rally today, Group One's Jamie Tyrrell says demand for upside VIX contracts falls off the cliff.

VIX

Videocast: Cheap protection in VIX

April 23, 2015

With the spot VIX and its futures falling today, Group One's Jamie Tyrrell says traders are coming back to buy protection with premiums low.

VIX

Videocast: May call selling in VIX

April 22, 2015

Group One's Jamie Tyrrell says a big player who bought more than 100,000 May calls recently is starting to let go of those options.

VIX

Videocast: Surge in May VIX calls

April 21, 2015

Group One's Jamie Tyrrell says a major volatility trader is back accumulating VIX calls in the May 20 and 21 strikes.

VIX

Videocast: Selling VIX calls at 16

April 20, 2015

With the market rebounding strongly today, Group One's Jamie Tyrrell says the big trade of the day is selling the VIX May 16 calls.

OptionsHouse

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »