Learn the trade here. Make it on tradeMONSTER

Options Trading News

December 21, 2012  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The CBOE Volatility Index finished higher yesterday even as the stock market rallied, bucking the typically inverse relationship between the VIX and the S&P 500.

The SPX rose 7.88 points to close at its session high of 1443.69 after trading as low as 1433 in the early minutes of the day. Support and resistance remain at 1414 and 1461 respectively.

The Nasdaq 100 gained just 2.56 points to finish at 2693.55. It spent most of the day in negative territory but reached a high near 2700 with about an hour left to trade. That 2700 level may now be resistance again, while probable support is at 2620.

The Russell 2000 also finished at the high of the day, gaining 4.60 points to 852.49, almost exactly matching the percentage gain for the SPX. The small-cap index has support at 820 and resistance at 860.

The VIX finished the day up 0.31 points at 17.67 after hitting a high of 17.96 just minutes before the close. The VIX futures followed suit, with the January contracts up 0.40 points to 17.50 and the February futures up 0.20 points to 18.10. The VIX futures volume has been on record-setting pace this week.

More than 538,000 VIX options traded on the day, led by 338,000 calls. Despite that action and the higher VIX, the VVIX Index, which measures the implied volatility of the VIX options, was down fractionally to 83.06.
Share this article with your friends


Related Stories

VIX

Videocast: Volume falls in VIX pits

July 29, 2014

With the volatility index continuing to remain below 20, Group One's Jamie Tyrrell says volume has dropped in VIX contracts with fewer traders buying protection.

VIX

VIX, equity indexes close almost flat

July 29, 2014

The major equity indexes were mixed but essentially unchanged at the end of yesterday's session, as was the CBOE Volatility Index.

VIX

Videocast: Betting on lower volatility

July 28, 2014

Group One's Jamie Tyrrell says there was a big buyer in the Weekly puts in the ProShares Ultra VIX Short-Term Futures Note.

VIX

VIX back above 12 as equities slide

July 28, 2014

Stocks fell on Friday, leaving the major equity indexes almost unchanged on the week while the CBOE Volatility Index climbed back above the 12 level.

VIX

VIX up as SPX hits another high

July 25, 2014

Equity indexes were mixed and little-changed at the end of yesterday's session, with the S&P 500 barely making new highs and the CBOE Volatility Index rising slightly.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER