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

Videocast: VIX call wave subsides

March 30, 2015

Group One's Jamie Tyrrell says 250,000 VIX April 20 calls were purchased in the previous two sessions, but that big player appears to be on the sidelines with today's market rally.

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.

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

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 »