Learn the trade here. Make it on tradeMONSTER

Options Trading News

May 21, 2013  Tue 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were mixed but little-changed at the end of yesterday's session, but the CBOE Volatility Index and its futures were higher.

The S&P 500 was down just 1.18 points to close at 1666.29. It did trade as high at 1672.84 at noon, reaching another record intraday high. Support is at 1634.

The Nasdaq 100 lost 7.99 points to finish up the day at 3020.97. Earlier in the session it reached 3,032.86, its highest intraday price since November 2000. Support is at 2942.

The Russell 2000 was up 1.70 points to 997.98, a new closing high. The small-cap index also posted a new
intraday high of 1001.50, breaking the 1000 level for the first time. Support is at 980.

The VIX was up 0.57 points, or 4.58 percent, to 13.02. Part of the gain was caused by the effect of the SPX options being repriced after the weekend time decay. The VIX remains at a significant premium to the historical volatility for the SPX, which is below 9 percent.

The May VIX futures, which have only one day left to trade, were up 0.10 points to 13.30. The June contracts were flat at 15.10, while the rest of the VIX futures were higher. The action pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.33 percent to close at 18.27.

The VIX options volume picked up as 611,000 contracts traded, with calls outpacing puts by 2 to 1, making it second on the overall volume list. The VVIX Index, which measures the implied volatility of those options, was up 1.2 percent to 85.01.
Share this article with your friends


Related Stories

VIX

Videocast: Cheap VIX protection

September 2, 2014

As the volatility index continues to stay in the low teens, Group One's Jamie Tyrrell explains how traders are buying protection through the VIX in three ways.

VIX

VIX slips as stocks hit new highs

September 2, 2014

Equity indexes climbed to new highs on Friday to close out another week of gains as the CBOE Volatility Index slipped back below the 12 level.

VIX

Why volatility index isn't 'broken'

September 1, 2014

For months there has been lots of talk about complacency and the "broken" CBOE Volatility Index, but both discussions are misguided.

VIX

Videocast: VIX pits quiet down

August 29, 2014

Despite persistent geopolitical issues, Group One's Jamie Tyrrell says volatility trading is slow ahead of the three-way weekend.

VIX

VIX above 12 as equities rebound

August 29, 2014

Equity indexes finished yesterday lower but regained much of the ground lost early in the session. The CBOE Volatility Index rose back above the 12 level but was well off its high of the day.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

How to get the hedge you want

Hedging is a good idea. As I have said countless times, you insure your house and your car, but most...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER