Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 20, 2013  Tue 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes extended their recent string of losses yesterday, pushing the CBOE Volatility Index back above 15.

The S&P 500 was down 9.77 percent to close at 1646.06. That is the lowest close since July 8 and broke another level of support. Resistance is at 1700 and support at 1600.

The Nasdaq 100 lost 4.15 points, or 0.14 percent, to finish at 3069.75. It has held up better than its peers and was positive for much of the day. It has resistance at 3100 and first support at 3030.

The Russell 2000 lost 11.05 points, or more than 1 percent, to end at 1013.25. It is closely following the SPX at this time. Like the SPX and NDX, the small-cap index steadily fell through the afternoon and finished at session lows. It has resistance at 1055 and support at 1000.

The VIX was up 0.73 points, or 5.08 percent, to 15.10. The implied-volatility index was just off its high of the day, which came just before the bell. It remains significantly higher than actual volatility, as the 10- and 20-day historical volatility readings for the SPX are both around 8 percent.

The VIX futures followed higher. The August futures, which only have one day left to trade before settlement, were up 0.60 points to 15.05. The September futures gained 0.35 points to close at 15.95. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 2.81 percent to $15.39.
Share this article with your friends


Related Stories

VIX

Equities slightly higher after wild ride

September 18, 2014

Equity indexes spiked lower and higher after yesterday's Federal Reserve announcement but ended the session little-changed, with slight gains.

VIX

September VIX settles at 13.03

September 17, 2014

The September VIX futures settled this morning at 13.03, right where the spot CBOE Volatility Index opened the session.

VIX

VIX declines as equities rebound

September 17, 2014

The major equity indexes rebounded sharply yesterday, driving the CBOE Volatility Index lower by nearly 10 percent.

VIX

Equities drop, send VIX above 14

September 16, 2014

Equity indexes finished yesterday in the red but were above the lows of the day. The CBOE Volatility Index posted its first close above 14 in a month.

VIX

VIX above 13 as equities pull back

September 15, 2014

Major equity indexes were lower at the end of the Friday's session, pushing the CBOE Volatility Index back above the 13 level.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER