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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.
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