VIX falls again as stocks march higher
Chris McKhann | email@example.com
Equity indexes jumped again yesterday despite a mid-session dip on a false terrorism report, sending the CBOE Volatility Index and its futures lower once more.
The S&P 500 gained 16.28 points, or 1.04 percent, to close at 1578.78 just off its midday high. Earlier the SPX gave up all the day's gains on the fake news report of explosions at the White House. Resistance remains at its all-time highs around 1597 reached two weeks ago, while support is at 1540.
The Nasdaq 100 gained 25.30 points, or 0.9 percent, to 2835.37. It is also back near the levels of two weeks ago, with resistance at 2864 and support at 2743
The Russell 2000 was up 14.56 points, or 1.59, percent to 929.36. Resistance is at 946 and support at 900.
The VIX was down 0.91 points, or 6.32 percent, to 13.48. The May VIX futures lost 0.70 points to close at 14.60, while the June futures were down 0.65 points to 15.45.
Video: Huge June VIX call buy
May 22, 2015
Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.
Video: Heavy June VIX call action
May 21, 2015
A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.
Video: VIX June 17-18 call action
May 20, 2015
Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.
Video: VIX going into expiration
May 19, 2015
Group One's Jamie Tyrrell says traders are expecting a quiet May settlement tomorrow morning but are active in the June contracts.
Video: Low premium in May VIX
May 18, 2015
Group One's Jamie Tyrrell says VIX options are showing little premium levels ahead of the May settlement on Wednesday morning.