OptionsHouse

Options Trading News

May 10, 2013  Fri 2:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The equity indexes gave up a bit of ground yesterday after a string of record rallies, pushing the CBOE Volatility Index and it futures higher.

The S&P 500 finished the day at 1626.67, giving up 6 points. It hit a new intraday high of 1635.01 in the early afternoon but slid from there. That session high could be resistance, while support is at 1587.

The Nasdaq 100 was down 7.12 points to 2961.11. The NDX hit a 13-year intraday high in the afternoon, climbing above 2980. That session peak could be resistance, with support at 2864.

The Russell 2000 slipped 4.15 points to 966.26. The small-cap index briefly broke above 970, a new intraday high. It has support at 936.

The VIX was up 0.47 points, or 3.71 percent, to 13.13. It traded as high while 13.53 as the S&P 500 dropped, as the two indexes usually move inversely. The VIX remains at a discount to the 20-day historical volatility for the SPX, which is 14.6 percent.

The May VIX futures gained 0.15 points to close at 14.15, and the June futures were up 0.20 points to 15.30. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.8 percent to end the day at $18.64 after breaking above $19 as the volatility index peaked. 
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.

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

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 »