OptionsHouse

Options Trading News

August 15, 2013  Thu 1:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
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

VIX

Video: VIX drop lures call buyers

July 31, 2015

With the spot volatility index slipping below 12 today, Group One's Jamie Tyrrell says traders are buying the VIX August 12 calls while premiums are relatively low.

VIX

Videocast: VIX put selling pays off

July 30, 2015

The VIX is little-changed today, and Group One's Jamie Tyrrell explains how recent put selling has paid off for volatilty traders.

VIX

Video: Case study in VIX pullback

July 29, 2015

Group One's Jamie Tyrrell says the volatility index's move down in the last week illustrates just how quicly the VIX can fall as well as rise.

VIX

Video: Traders unload puts in VIX

July 28, 2015

As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.

VIX

Video: Call buyers ride pop in VIX

July 27, 2015

With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »