Stocks, volatility index little-changed
Chris McKhann | email@example.com
The equity indexes were mixed but essentially unchanged at the end of yesterday's session, and the CBOE Volatility Index was fractionally lower.
The S&P 500 was up just 0.07 points to close at 1633.77. It dipped to 1627 just after the open, then climbed to a new intraday record high of 1636. Support remains at 1597.
The Nasdaq 100 was up just 1.07 points to 2982.09. It too closed in the middle of its range for the day. Support is at 2869.
The Russell 2000 was down 1.37 points to close at 973.79. Support is at 940.
The VIX off 0.32 percent to 12.55. The volatility index had dipped to 12.49 in the morning and almost matched that level just before the closing bell.
The VIX futures were mixed, with May contracts down 0.20 points to 13.65 and June futures flat at 15.10. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.43 percent to 18.38.
Videocast: VIX going to Weeklies
May 28, 2015
Group One's Jamie Tyrrell says new VIX Weekly options will soon replacee available, replacing the nine-day CBOE Short-Term Volatility Index (VXST) contracts.
Video: June VIX calls bought again
May 27, 2015
Even though the market has reversed course with today's rally, Group One's Jamie Tyrrell says traders are buying VIX June 18 calls for the second session in a row.
Video: Volatility measures jump
May 26, 2015
Group One's Jamie Tyrell says traders are buying June and July VIX calls with the spot index up 15 percent and the nine-day CBOE Short-Term Volatility Index (VXST) spiking 40 percent.
Video: Huge June VIX call buy
May 22, 2015
Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.
Video: Heavy June VIX call action
May 21, 2015
A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.