Learn the trade here. Make it on tradeMONSTER

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: VIX pits focus on May

April 16, 2014

Now that the April contracts have settled, Group One's Jamie Tyrrell says traders are focusing on May options at the 16 level.

VIX

April VIX contracts settle at 14.67

April 16, 2014

The April VIX futures settled at 14.67, right in the middle of where the spot volatility index was in the first minutes of today's session.

VIX

Videocast: VIX on eve of settlement

April 15, 2014

Group One's Mike Palmer says traders are targeting the 16-17 level for the volatility index on the eve of April contract settlement.

VIX

Late-day rally drives VIX lower

April 15, 2014

Equity indexes regained some ground yesterday in a roller-coaster session that ended with a late surge, driving the CBOE Volatility Index lower.

VIX

Videocast: VIX 16 level targeted

April 14, 2014

With just two days until the April settlement, Group One's Jamie Tyrrell says traders are focusing on the volatility index at the 16 level.

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER