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: Call buyers chase spike in VIX
February 8, 2016
Group One's Jamie Tyrrell says traders are buying February calls in the VIX amid today's market drop, targing the 25 to 29 levels.
Video: Near-term VIX calls purchased
February 5, 2016
Group One's Jamie Tyrrell says volatility traders had been looking farther out but are now picking up February 28 calls.
Videocast: Huge VIX call spread sold
February 4, 2016
As the market continues to churn, Group One's Jamie Tyrrell says today's big trade is the sale of a VIX March 30/40 call spread 115,000 times.
Videocast: Big March call spread in VIX
February 3, 2016
As the market pulled back this morning, Group One's Jamie Tyrrell says a major player bought a March 30/40 call spread 150,000 times.
Video: VIX traders buying March calls
February 2, 2016
As volatility rises with today's market decline, Group One's Jamie Tyrrell says traders are purchasing the VIX March 30 and 35 calls.