OptionsHouse

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: Selling high VIX strikes

January 30, 2015

Group One's Jamie Tyrrell says today's big volatility trades are selling this pop in the VIX, unloading the February 29 and 30 calls.

VIX

VIX drops as equities bounce back

January 30, 2015

The major equity indexes rebounded yesterday after the steep selloff in the previous session, and the CBOE Volatility Index dropped nearly 19 percent.

VIX

Videocast: VIX action 'wishy washy'

January 29, 2015

After the VIX soared late yesterday, Group One's Jamie Tyrrell says today's volatility trading is "wishy washy" as the pits try to decide which way the market is heading.

VIX

Videocast: April call spread in VIX

January 28, 2015

Low volumes persist in volatility trading, but Group One's Jamie Tyrrell says one trader is buying a VIX April 18/25 call ratio spread.

VIX

VIX rises as equities fall on earnings

January 28, 2015

Equity indexes lost ground after a slew of disappointing earnings reports but did finish off the lows of the session. The CBOE Volatility Index gained nearly 11 percent.

OptionsHouse

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »