Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 21, 2013  Thu 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pushed higher yesterday, driving the CBOE Volatility Index and its futures lower.

The S&P 500 gained 10.37 points, or 0.67 percent, to finish at 1558.71. It was above 1561 at the day's high minutes before the closing bell. The SPX did not regain last week's highs but is just about 8 points off its all-time closing high. Resistance is at 1565 and support at 1525.

The Nasdaq 100 rose 18.64 points, also 0.67 percent, to 2805.91. It was above 2810 heading toward the bell, a resistance level that has held all month despite being tested several times. Above that there is resistance at 2846, while support is at 2760.

The Russell 2000 was up just shy of 1 percent, adding 9.10 points to end the session at 951.95. It closed at the high of the day and is about 1 point away from last week's all-time closing high. Support is at 930.

The VIX tumbled 1.72 points, or 11.95 percent, to 12.67. It was at the day's low of 12.30 just before the close.

The March VIX futures settled this morning at 12.46. The April futures fell 0.85 points to 14.55, while the May contracts slipped 0.35 points to 15.90. This pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 5.27 percent to 20.44, a new all-time closing low.
 
More than 1.34 million VIX options changed hands, falling short of Tuesday's record day. But more than 1 million calls changed hands, which I believe is a new record. The action must have included quite a bit of selling, as the VVIX Index--which measures the implied volatility of those VIX options--was down more than 5 percent to 89.45.
Share this article with your friends


Related Stories

VIX

Videocast: VIX pits quiet down

August 29, 2014

Despite persistent geopolitical issues, Group One's Jamie Tyrrell says volatility trading is slow ahead of the three-way weekend.

VIX

VIX above 12 as equities rebound

August 29, 2014

Equity indexes finished yesterday lower but regained much of the ground lost early in the session. The CBOE Volatility Index rose back above the 12 level but was well off its high of the day.

VIX

Videocast: Big buyer in VIX puts

August 28, 2014

As the market cuts its early losses, Group One's Jamie Tyrrell says the big VIX trade of the day is a purchase of September puts.

VIX

S&P 500 ekes out new record high

August 28, 2014

Equity indexes closed almost unchanged on light volume and low volatility yesterday, but the S&P 500 was able to eke out a new closing high.

VIX

Videocast: Low volume in VIX pits

August 27, 2014

Group One's Jamie Tyrrell says volume is low in the VIX pits as one large player appears to done buying upside calls.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER