Options Trading News

April 12, 2013  Fri 1:47 AM CT

Major equity indexes were mixed at the end of yesterday's session, as were the CBOE Volatility Index and its futures.

The S&P 500 rose 5.64 points to 1593.37, another all-time closing high, after peaking at 1597 in the morning. Resistance is at 1600 and support at 1560.

The Nasdaq 100 was down, though just barely, to finish at 2859.07. It climbed above 2863 two hours into the session and then traded sideways from there. Resistance is at 2878 and support at 2810.

The Russell 2000 was up fractionally at 947.05, also after climbing for the first two hours, when it broke above 951. The small-cap index continues to inch back toward its all-time high from a month ago. Resistance remains at that high of 954, while support is at 920.

The VIX ended the day down 0.12 points, or 1 percent, to 12.24 after dipping to 12.15 in the first 90 minutes. These are its lowest levels since March 15. After the morning swoon, the volatility index remained in positive territory for the rest of the day until after the bell, when when it fell sharply in the last 15 minutes. (The VIX continues to trade until 4:15 p.m. ET.)

The April VIX futures ended the day flat at 13.10, while the May futures lost 0.05 points to close at 14.45. This left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.5 percent to 18.70, another all-time closing low.

The VIX options turned over 462,000 contracts, making it fourth in total volume, as 344,000 calls led the way. The VXX options weren't far behind with 341,000, with puts slightly outpacing calls.
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