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

Videocast: Cheap VIX protection

September 2, 2014

As the volatility index continues to stay in the low teens, Group One's Jamie Tyrrell explains how traders are buying protection through the VIX in three ways.

VIX

VIX slips as stocks hit new highs

September 2, 2014

Equity indexes climbed to new highs on Friday to close out another week of gains as the CBOE Volatility Index slipped back below the 12 level.

VIX

Why volatility index isn't 'broken'

September 1, 2014

For months there has been lots of talk about complacency and the "broken" CBOE Volatility Index, but both discussions are misguided.

VIX

Videocast: VIX pits quiet down

August 29, 2014

Despite persistent geopolitical issues, Group One's Jamie Tyrrell says volatility trading is slow ahead of the three-way weekend.

VIX

VIX above 12 as equities rebound

August 29, 2014

Equity indexes finished yesterday lower but regained much of the ground lost early in the session. The CBOE Volatility Index rose back above the 12 level but was well off its high of the day.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER