Options Trading News

April 10, 2013  Wed 1:47 AM CT

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. 
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