OptionsHouse

Options Trading News

October 5, 2012  Fri 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The CBOE Volatility Index oddly collapsed to its session lows at the end of the day while the equity indexes pushed higher.

The VIX finished the day down 0.88 points, or 5.7 percent, to 14.55. It had been holding 15 right into the bell but fell afterward, as the index continues to trade until 4:15 p.m. ET.

The S&P 500 finished the day at 1461.40, up 10.41 points. This was off the morning high still  the second highest close of the year, just behind the Sept. 14 close of 1465.77.  

Resistance for the SPX is now at the current level and then at 1474. The first level of support is 1448.

The Nasdaq 100 finished at 2828.60, up just shy of 10 points higher on the day. It peaked in the late afternoon but came off that high into the close.

The NDX closed above its 20-day moving average but remains off its September highs. Resistance is at 2851, and support is at 2780.

The Russell 2000 was up 5.87 points to end the day at 844.65, its session high. Resistance for the small-cap index remains at 856 while support is at 832.

The VIX futures followed the volatility index lower, and they too finished at their lows of the day. The October futures were down 0.75 points to close at 15.75, and the November contracts fell 0.40 points to 17.3.
 
The SPX options led the index volumes at about 700,000 contracts, with 426,000 puts. The VIX options traded more than 286,000 options as its calls outpaced puts by 2 to 1.

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw 211,000 options change hands, with 131,000 calls. The VVIX, the volatility index of the VIX options, was down 4.6 percent to 83.51--just above the all-time low of its short existence.
Share this article with your friends


Related Stories

VIX

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.

VIX

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.

VIX

Video: VIX June 17-18 call action

May 20, 2015

Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.

VIX

Video: VIX going into expiration

May 19, 2015

Group One's Jamie Tyrrell says traders are expecting a quiet May settlement tomorrow morning but are active in the June contracts.

VIX

Video: Low premium in May VIX

May 18, 2015

Group One's Jamie Tyrrell says VIX options are showing little premium levels ahead of the May settlement on Wednesday morning.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Short synthetic stock

With the use of the calls and puts we can not only create Long Synthetic Stock, but Short Synthetic Stock as well...

View more education articles »