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: Huge call spread in VIX

August 4, 2015

Group One's Jamie Tyrrell says a major player bought the VIX August 16/18 call spread 300,000 times yesterday and sold August 12.50 puts to help finance the trade.

VIX

Video: 3-way play for higher VIX

August 3, 2015

The volatility index is little-changed even with the market lower today, but Group One's Jamie Tyrrell says one September three-way strategy is looking for a spike higher.

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.

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

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Stops

With the growing popularity of the Advantage Point newsletter, we are picking up new members every single day. So, the powers that be have asked me to stray away from our Option Theory and Strategy topics and discuss a couple of topics related to our weekly trade ideas. This week we are going to talk about how to set and execute our stops.

View more education articles »