OptionsHouse

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

Video: Huge June VIX call buy

May 22, 2015

Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.

VIX

Video: Heavy June VIX call action

May 21, 2015

A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.

VIX

Video: VIX June 17-18 call action

May 20, 2015

Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.

VIX

Video: VIX going into expiration

May 19, 2015

Group One's Jamie Tyrrell says traders are expecting a quiet May settlement tomorrow morning but are active in the June contracts.

VIX

Video: Low premium in May VIX

May 18, 2015

Group One's Jamie Tyrrell says VIX options are showing little premium levels ahead of the May settlement on Wednesday morning.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Short synthetic stock

With the use of the calls and puts we can not only create Long Synthetic Stock, but Short Synthetic Stock as well...

View more education articles »