Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 14, 2013  Thu 1:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes ended yesterday's session mixed, but the CBOE Volatility Index and its near-term futures were lower.

The S&P 500 Index was up 2.04 points to close at 1554.52. It opened the session by falling near 1548 but climbed above 1556 and settled into the close about a point off of Monday's five-year high. The SPX remains 10 points off its all-time closing high from 2007. Resistance remainst at 1565 and support at 1525.

The Nasdaq 100 was down 2.13 points to close at 2798.68. It followed a similar intraday pattern but finished right in the middle of the day's range. The NDX again proved unable to break out of the very tight range it has seen for the last two weeks. Resistance is still at 2846 and support at 2760.

The Russell 2000 climbed to yet another all-time high, gaining 3.64 points to 943.90. The small-cap index finished just off its afternoon high. It has support at 916.

The VIX gave up 0.33 points, or 3.6 percent, to close at 11.83. That was above Monday's close, which was the volatility index's lowest since February 2007 (partly because of a statistical quirk).

The March VIX futures, were down 0.30 points to close at 12.95, a tick below Monday's close. The April futures lost 0.15 points to finish at 14.65. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) VXX down 0.18 or 0.86 percent to 20.93, just above Monday's all time closing low.

More than 519,000 VIX options changed hands, with 396,000 calls outpacing puts by more than 3 to 1. The VVIX Index, which measures the implied volatility of those options, was up 5.5 percent to 84.36, suggesting that traders were mostly buying those VIX contracts. The SKEW Index is also showing that there is some concern showing through in the option data. 
Share this article with your friends


Related Stories

VIX

Videocast: Volume falls in VIX pits

July 29, 2014

With the volatility index continuing to remain below 20, Group One's Jamie Tyrrell says volume has dropped in VIX contracts with fewer traders buying protection.

VIX

VIX, equity indexes close almost flat

July 29, 2014

The major equity indexes were mixed but essentially unchanged at the end of yesterday's session, as was the CBOE Volatility Index.

VIX

Videocast: Betting on lower volatility

July 28, 2014

Group One's Jamie Tyrrell says there was a big buyer in the Weekly puts in the ProShares Ultra VIX Short-Term Futures Note.

VIX

VIX back above 12 as equities slide

July 28, 2014

Stocks fell on Friday, leaving the major equity indexes almost unchanged on the week while the CBOE Volatility Index climbed back above the 12 level.

VIX

VIX up as SPX hits another high

July 25, 2014

Equity indexes were mixed and little-changed at the end of yesterday's session, with the S&P 500 barely making new highs and the CBOE Volatility Index rising slightly.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER