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

What's next, the 'Cortisol Index'?

April 18, 2014

Most traders believe themselves rational and logical But all of the work done in behavioral economics has exposed our various psychological biases, which tend to hurt us in our investing.

VIX

Why you need to understand volatility

April 18, 2014

Volatility trading may sound like a complex and obscure strategy, but it is important because every option trade is also a volatility trade, whether intentional or not.

VIX

Videocast: Huge straddle in VIX

April 17, 2014

Group One's Jamie Tyrrell says one major player is opening the equivalent of a giant straddle in the May VIX contracts.

VIX

Equities extend streak; VIX near 14

April 17, 2014

The major equity indexes extended their winning streak to a third consecutive session yesterday, driving the CBOE Volatility Index back near 14.

VIX

Videocast: VIX pits focus on May

April 16, 2014

Now that the April contracts have settled, Group One's Jamie Tyrrell says traders are focusing on May options at the 16 level.

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER