OptionsHouse

Options Trading News

September 5, 2013  Thu 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Major equity indexes rallied for a second straight session yesterday, while the CBOE Volatility Index fell back below 15.

The S&P 500 was up 13.31 points, or 0.81 percent,  to close at 1653.08. It climbed throughout the morning and hit a session high just shy of 1656 in the early afternoon. Resistance is at 1670 and support at 1630.

The Nasdaq 100 climbed 32.78 points, more than 1 percent, to 3124.54. That is the NDX's highest close since Aug. 14, the day after it hit a 13-year high. Resistance remains at 3149 and support at 3030.

The Russell 2000 was up 9.32 points, or 0.92 percent, to 1025.58. The small-cap index is right back up to its 10-day moving average but still below the 20-day line. Resistance is at 1055 and support at 1000.

The VIX was down 0.73 points, or 4.39 percent, to 15.88. The volatility index hit a low of 15.77 right at noon, then climbed until giving up ground right after the bell.

The VIX futures lost much less. The September futures fell 0.15 points to close at 16.70. The October futures slipped 0.10 points to 17.55. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.43 percent to $16.34.
Share this article with your friends


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

View more education articles »