Learn the trade here. Make it on tradeMONSTER

Options Trading News

April 19, 2013  Fri 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes lost more ground yesterday, driving the CBOE Volatility Index and its futures higher once again.

The S&P 500 was down 10.40 points, or 0.67 percent, to 1541.61. It slipped as low as 1536 with about an hour left in the day before bouncing back. Resistance remains at 1597 and support at 1500.

The Nasdaq 100 again fared the worst of the three indexes, losing just over 40 points, or 1.44 percent, to finish at 2741.95 after dipping as low as 2731. Those were its lowest levels since March 1. The NDX continues to have resistance at 2864, but it broke through another level of support, which is now at 2700.

The Russell 2000 gave up 5.29 points, or 0.58 percent, to close at 901.51 after briefly dipping below 899. That leaves the small-cap index back where it was on Feb. 26. The high of 954 remains resistance, while support is at 875.

The VIX was up 1.05 points, or 6.36 percent, to 17.56. It reached a session high of 18.20 with an hour left to the bell.

The May and June VIX futures were both up 0.70 points to 17.15 and 17.45 respectively, though both remain at a discount to the spot volatility index. The action in those futures had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 5.2 percent to 22.17.

The VIX options turned over 714,000 contracts, with 385,000 calls. The VXX traded 597,000 options, 316,000 of which were puts.
Share this article with your friends


Related Stories

VIX

VIX slips as SPX hits new highs

July 24, 2014

Major equity indexes posted more gains yesterday, pushing the S&P 500 to new highs as the CBOE Volatility Index declined again.

VIX

Videocast: Target 19 line in VIX

July 23, 2014

Group One's Jamie Tyrrell says traders are targeting the VIX 19 line today, selling calls in August and buying them in October.

VIX

VIX down as SPX posts new high

July 23, 2014

A broad market rally pushed the S&P 500 to a new all-time high while sending the CBOE Volatility Index lower by more than 4 percent.

VIX

Videocast: Betting on lower volatility

July 22, 2014

As the market rallies today, Group One's Mike Palmer says traders are betting that the recent pops in volatility will be short-lived.

VIX

Videocast: No panic in the VIX pits

July 21, 2014

Group One's Jamie Tyrrell says today's volatility is relatively muted even after the morning downturn, though traders are buying August and October call spreads.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER