Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 14, 2013  Thu 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The CBOE Volatility Index closed higher along with major equity indexes, bucking their usually inverse relationship.

The S&P 500 was up less than 1 point to 1520.33. The SPX dipped to its session low just under 1516 with about an hour left to trade but climbed sharply into the close. The index hit another new five-year intraday high of 1524.69 in the morning and has support at 1495.

The Nasdaq 100 was up 11.15 points, or 0.4 percent, to 2773.77. The NDX peaked at 2783 in the morning, its highest level since mid-October. Support remains at 2715.

The Russell 2000 was up 3.06 points, or 0.33 percent, to 920.58. That was just off its intraday high from the morning but still marks another new all-time closing record. Support remains at 894.

The VIX rose 0.34 points, or 2.69 percent, to 12.98. It spent most of the afternoon above 13. Although the volatility index is relatively low, it is still below the S&P 500's 20-day historical volatility of 8 percent.

The February VIX futures settled in the morning at 13.07. The now front-month March contracts finished the day at 14.75, while the April futures finished trading at 15.75. This pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) up fractionally to 22.49.

More than 747,000 VIX options traded on the day, led by 594,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, was actually lower by 0.8 percent to finish the day at 73.25.
Share this article with your friends


Related Stories

VIX

Equities extend streak; VIX near 14

April 17, 2014

The major equity indexes extended their winning streak to a third consecutive session yesterday, driving the CBOE Volatility Index back near 14.

VIX

Videocast: VIX pits focus on May

April 16, 2014

Now that the April contracts have settled, Group One's Jamie Tyrrell says traders are focusing on May options at the 16 level.

VIX

April VIX contracts settle at 14.67

April 16, 2014

The April VIX futures settled at 14.67, right in the middle of where the spot volatility index was in the first minutes of today's session.

VIX

Videocast: VIX on eve of settlement

April 15, 2014

Group One's Mike Palmer says traders are targeting the 16-17 level for the volatility index on the eve of April contract settlement.

VIX

Late-day rally drives VIX lower

April 15, 2014

Equity indexes regained some ground yesterday in a roller-coaster session that ended with a late surge, driving the CBOE Volatility Index lower.

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER