OptionsHouse

Options Trading News

April 10, 2013  Wed 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Major equity indexes closed mixed yesterday after losing ground in the final hour, but that was still enough to push the CBOE Volatility Index back below 13.

The S&P 500 was up 5.54 points to finish the session at 1568.61. It had climbed to 1573.89 earlier in the day, its highest level since 2007, and appeared headed for an all-time closing record. Resistance is now at yesterday's high, while support is at 1540.

The Nasdaq 100 rose 18.54 points to 2804.67. It was up to 2815 an hour before the close, but even those levels didn't bring it back to last Wednesday's open. Resistance is at 2828 and support at 2745.

The Russell 2000 was down at the end of the day, giving up 2.15 points to 929.34. It had been above 934 into the last hour and remains well below where it started last week. Resistance is at 954 and support at 910.

The VIX slipped 0.35 points, or 2.65 percent, to close at 12.84. It started the day by climbing to 13.68, then fell to the day's low of 12.75 about an hour before the bell.

The April VIX futures, which have one week left to trade, lost 0.10 points to close at 13.55. The May futures also lost 0.10 points to close at 15 even. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.2 percent to yet another all-time closing low of 19.32.

More than 837,000 VIX options changed hands, leaving it second in total volume, as 715,000 calls dominated the action. The VVIX Index, which measures the implied volatility of those VIX options, was down fractionally to 82.04. 
Share this article with your friends


Related Stories

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.

VIX

Video: Traders unload puts in VIX

July 28, 2015

As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.

VIX

Video: Call buyers ride pop in VIX

July 27, 2015

With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.

VIX

Video: Steady buying in VIX calls

July 24, 2015

With the market down again today, Group One's Jamie Tyrrell says traders are snapping up calls in August, September, and October.

VIX

Video: August VIX calls pick up

July 23, 2015

Group One's Jamie Tyrrell says traders are buying VIX calls again today, with the largest purchase in the August 18 contracts.

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: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »