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: Big April VIX call buying
March 27, 2015
GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.
Videocast: VIX not showing panic
March 26, 2015
Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.
Videocast: April, August VIX calls
March 25, 2015
As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.
Videocast: Looking for higher volatility
March 24, 2015
Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.
Videocast: Buying April VIX calls
March 19, 2015
As the market pulls back from yesterday's rally, Group One's Jamie Tyrrell says traders are buying VIX April 22, 26, and 27 calls.