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: Big April VIX call buying

March 27, 2015

GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.

VIX

Videocast: VIX not showing panic

March 26, 2015

Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.

VIX

Videocast: April, August VIX calls

March 25, 2015

As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.

VIX

Videocast: Looking for higher volatility

March 24, 2015

Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.

VIX

Videocast: Buying April VIX calls

March 19, 2015

As the market pulls back from yesterday's rally, Group One's Jamie Tyrrell says traders are buying VIX April 22, 26, and 27 calls.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »