VIX ends near highs even as SPX rises
Chris McKhann | email@example.com
The CBOE Volatility Index finished yesterday just off its session highs even as the S&P 500 rose as well, departing from their usually inverse relationship.
The VIX ended the day up 0.59 points, or 3.75 percent, at 16.32 after hitting a high of 16.53 in the last hour. The SPX finished the day at 1444.49, up slightly less than 4 points after steadily giving back gains from the first hour of the session.
The VIX futures ended the day mixed. The October contracts were up 0.60 points to 17 even as it held its premium over the spot index reading. The November futures gained 0.20 points to close at 18.25, and the December futures fell 0.05 points to 19.15.
The VIX options traded 280,000 contracts with 196,000 calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw 138,000 options change hands, with slightly more calls than puts.
Videocast: VIX going to Weeklies
May 28, 2015
Group One's Jamie Tyrrell says new VIX Weekly options will soon replacee available, replacing the nine-day CBOE Short-Term Volatility Index (VXST) contracts.
Video: June VIX calls bought again
May 27, 2015
Even though the market has reversed course with today's rally, Group One's Jamie Tyrrell says traders are buying VIX June 18 calls for the second session in a row.
Video: Volatility measures jump
May 26, 2015
Group One's Jamie Tyrell says traders are buying June and July VIX calls with the spot index up 15 percent and the nine-day CBOE Short-Term Volatility Index (VXST) spiking 40 percent.
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.
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.