VIX falls again as stocks march higher
Chris McKhann | [email protected]
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.
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.
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.
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.
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.
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.