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

Video: VIX drop lures call buyers

July 31, 2015

With the spot volatility index slipping below 12 today, Group One's Jamie Tyrrell says traders are buying the VIX August 12 calls while premiums are relatively low.

VIX

Videocast: VIX put selling pays off

July 30, 2015

The VIX is little-changed today, and Group One's Jamie Tyrrell explains how recent put selling has paid off for volatilty traders.

VIX

Video: Case study in VIX pullback

July 29, 2015

Group One's Jamie Tyrrell says the volatility index's move down in the last week illustrates just how quicly the VIX can fall as well as rise.

VIX

Video: Traders unload puts in VIX

July 28, 2015

As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.

VIX

Video: Call buyers ride pop in VIX

July 27, 2015

With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »