Options Trading News

August 15, 2013  Thu 1:14 AM CT

Major equity indexes slipped a bit yesterday while the CBOE Volatility Index climbed back above the 13 level.

The S&P 500 was down 8.77 points to 1685.39, just off the day's low and its lowest close of the month. It has resistance at 1709 and some support at 1672.

The Nasdaq 100 fell 11.62 points to 3129.45. Unlike the SPX, the NDX remains above its 10- and 20-day moving averages. It has resistance at 3149 and support at 3030.

The Russell 2000 gave up 4.19 points to finish at 1047.80. It has resistance at 1063 and support at 1020.

The VIX was up 0.73 points, or 5.93 percent, to close at its session high of 13.04. The volatility index is much higher than the actual volatility of the SPX, which shows a 20-day reading of 6.7 percent.

The VIX futures were also higher. Both the August and September futures were up 0.25 to 13.35 and 15.15 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.7 percent to $14.49.
Share this article with your friends

Related Stories


Video: Traders targeting higher VIX

October 9, 2015

The volatility index is little-changed today, but Group One's Jamie Tyrrell says some big trades are still looking for a higher VIX in October.


Video: VIX October 22 calls bought

October 8, 2015

The VIX Weeklies began trading today, but Group One's Jamie Tyrrell says the big trade is in standard options with a purchase of 45,000 VIX October 22 calls.


Videocast: VIX call buyers return

October 7, 2015

Group One's Jamie Tyrrell says traders were selling VIX calls early in the day but reversed course as the market rally fizzled.


Videocast: Volatility levels decline

October 6, 2015

Group One's Jamie Tyrrell says volatility trading today is implying that the type of VIX action from August and early September will not repeat itself.


Video: Traders see elevated VIX

October 5, 2015

Even with the volatility index falling below 20 today, Group One's Jamie Tyrrell says traders are buying calls and selling puts in the VIX.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

View more education articles »