OptionsHouse

Options Trading News

June 25, 2013  Tue 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes were down more than 1 percent at the end of yesterday's session but well off their morning lows, while the CBOE Volatility Index rose above 20.

The S&P 500 was down 19.34 points, or 1.21 percent, to close at 1573.09. It fell as low as 1560 by midday and then recovered above 1586 before giving up ground into the bell. That low was the index's lowest since April 22. Support is now 1540 and then 1485, while resistance is at 1650.

The Nasdaq 100 lost 29.75 points, or 1.03 percent, to end the day at 2848.20. It followed the same pattern as the SPX and had a low at 2825. That level will provide some support, with the next level at 2745, while resistance is at 3000.

The Russell 2000 gave up 12.63 points, for the biggest percentage loss of 1.31 percent, to finish at 951.05. Support is now at 900 and resistance at 1000.

The VIX was up 1.21 points, or 6.4 percent, to 20.11. It climbed as high as 21.91 in the first hour, the highest level of 2013, then declined and even went negative briefly before climbing in the last hour.

The VIX futures were higher all day. The July contracts rose 1.15 points to 20.15, while the August futures finished at 20.30, up 0.90 points on the day. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX)  up 5.8 percent to $22.81.
Share this article with your friends


Related Stories

VIX

Videocast: Selling high VIX strikes

January 30, 2015

Group One's Jamie Tyrrell says today's big volatility trades are selling this pop in the VIX, unloading the February 29 and 30 calls.

VIX

VIX drops as equities bounce back

January 30, 2015

The major equity indexes rebounded yesterday after the steep selloff in the previous session, and the CBOE Volatility Index dropped nearly 19 percent.

VIX

Videocast: VIX action 'wishy washy'

January 29, 2015

After the VIX soared late yesterday, Group One's Jamie Tyrrell says today's volatility trading is "wishy washy" as the pits try to decide which way the market is heading.

VIX

Videocast: April call spread in VIX

January 28, 2015

Low volumes persist in volatility trading, but Group One's Jamie Tyrrell says one trader is buying a VIX April 18/25 call ratio spread.

VIX

VIX rises as equities fall on earnings

January 28, 2015

Equity indexes lost ground after a slew of disappointing earnings reports but did finish off the lows of the session. The CBOE Volatility Index gained nearly 11 percent.

Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »