OptionsHouse

Options Trading News

February 13, 2013  Wed 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Major equity indexes were mixed yesterday while the CBOE Volatility Index dropped again.

The S&P 500 was up 2.42 points, or 0.16 percent, to finish at 1519.43. That was off the session peak of 1522 but still a new five-year closing high. The 1522 level could provide resistance going forward, while support is now at 1495.

The Nasdaq 100 was down 12.02 points, or 0.43 percent, to 2762.62. Unlike the SPX, which was higher all day, the NDX was lower all session and ended the session just above the day's lows. It has resistance at 2780 and support at 2715.

The Russell 2000 was up 4.48 points, or 0.49 percent, to 917.52. That was just off the day's intraday peak but was an all-time closing high. It has support at 894.

The VIX was down 0.30 points, or 2.32 percent, to 12.64--just above the closing levels from mid-January. The volatility index was positive for the first half of the day but gapped lower at the bell.

The VIX futures declined as well. The February futures, which settle this morning, were down 0.45 points to 13 even. The March contracts, which are now the front-month futures, lost 0.15 points to finish trading at 14.75.

More than 701,000 VIX options changed hands yesterday, the second-highest volume on the option market. Call made up 400,000 of that activity.

The VVIX Index, which measures the implied volatility of the VIX options, was down 3 percent to 73.83. That was just above last month's all-time lows.
Share this article with your friends


Related Stories

VIX

Videocast: VIX premiums fall more

April 24, 2015

As the market continues its rally today, Group One's Jamie Tyrrell says demand for upside VIX contracts falls off the cliff.

VIX

Videocast: Cheap protection in VIX

April 23, 2015

With the spot VIX and its futures falling today, Group One's Jamie Tyrrell says traders are coming back to buy protection with premiums low.

VIX

Videocast: May call selling in VIX

April 22, 2015

Group One's Jamie Tyrrell says a big player who bought more than 100,000 May calls recently is starting to let go of those options.

VIX

Videocast: Surge in May VIX calls

April 21, 2015

Group One's Jamie Tyrrell says a major volatility trader is back accumulating VIX calls in the May 20 and 21 strikes.

VIX

Videocast: Selling VIX calls at 16

April 20, 2015

With the market rebounding strongly today, Group One's Jamie Tyrrell says the big trade of the day is selling the VIX May 16 calls.

OptionsHouse

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »