OptionsHouse

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: 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 »