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: Heavy VIX call buying

October 24, 2014

Group One's Jamie Tyrrell says traders are buying November calls and futures in large size, quickly driving premiums higher.

VIX

VIX slips as big rally erases losses

October 24, 2014

Equity indexes rallied sharply yesterday, erasing the losses of the previous session and sending the CBOE Volatility Index lower.

VIX

Videocast: Protection gets cheaper

October 23, 2014

Although the volatility index is dropping with today's rally, Group One's Jamie Tyrrell says traders are buying VIX protection at lower premiums.

VIX

Volatility rises as equities pull back

October 23, 2014

The major equity indexes gave up ground yesterday, and the key volatility measures reacted by moving sharply higher.

VIX

Videocast: Quiet returning to VIX?

October 22, 2014

Group One's Jamie Tyrrell says the VIX fell 10 percent a day for three straight sessions, the first time that has ever occurred.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER