Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 18, 2013  Thu 2:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes closed higher yesterday after an uneventful congressional appearance by Federal Reserve Chairman Ben Bernanke, driving the CBOE Volatility Index lower.

The S&P 500 was up 4.65 points to 1680.91, finishing in the middle of the day's tight range. It almost made up for Tuesday's losses and was its second-highest close ever. There is some resistance at its all-time intraday high of 1687, and support is at 1652.

The Nasdaq 100 gained 7.81 points to end the session at 3085.28, another 13-year closing high. The intraday high of 3090.89 was also the index's highest in that time period. It has support at 3000.

(When equities are at highs, further resistance levels are obviously projections not based on previous trading patterns, so I will not list them.)

The Russell 2000 was up 3.78 points to 1042.53. It reached an all-time intraday high of 1046.13 but finished below Monday's closing high. It has support at 1018.

The VIX fell 0.64 points, or 4.44 percent, to 13.78. The volatility index is still well off the year's lows even as the S&P 500 sits at highs. The VIX and the SPX usually move inversely.

The July VIX futures settled yesterday morning at 14.43. The front-month August futures were down 0.60 points to to 15.60, while the September contracts lost 0.50 points to close at 16.95.

This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 3.45 percent to $16.81, a new all-time closing low. 
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

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER