Learn the trade here. Make it on tradeMONSTER

Options Trading News

April 9, 2013  Tue 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Major equity indexes bounced yesterday, driving the CBOE Volatility Index and its futures lower.

The S&P 500 finished the day down almost 10 points, closing at 1563.07. That brings it back to its range from last Wednesday. The SPX slipped below 1549 in the first hour and then climbed from there, ending at the high of the day. Resistance is at 1573 and support at 1539.

The Nasdaq 100 gained 14 points to close at 2786. The NDX was below 2745 right at the open, and it too finished at the high of the day. Resistance is at 2828 and support at 2745.

The Russell 2000 had the best percentage gain, picking up 8.21 points, or 0.89 percent, to finish at 931.49. The small-cap index dipped below 910 at the open, and that will be support going forward. Resistance remains at 954.

The action drove the VIX down 0.73 points, or 5.24 percent, to 13.19. It had climbed to 14.50 in the first hour of the session and finished at its low of the day.

The April VIX futures were down 0.75 points to 13.60, while the May futures lost 0.45 points to close at 15.05. This left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.8 percent to 19.55, yet another new all-time low.

The VIX options traded 369,000 contracts, making it second on the overall volume list. Calls outpaced puts by 2 to 1.

The VVIX, which measures the implied volatility of the VIX options, was down 2.8 percent to 82.12. The VXX, meanwhile, saw 302,000 options change hands, with 165,000 puts. 
Share this article with your friends


Related Stories

VIX

Why volatility index isn't 'broken'

September 1, 2014

For months there has been lots of talk about complacency and the "broken" CBOE Volatility Index, but both discussions are misguided.

VIX

Videocast: VIX pits quiet down

August 29, 2014

Despite persistent geopolitical issues, Group One's Jamie Tyrrell says volatility trading is slow ahead of the three-way weekend.

VIX

VIX above 12 as equities rebound

August 29, 2014

Equity indexes finished yesterday lower but regained much of the ground lost early in the session. The CBOE Volatility Index rose back above the 12 level but was well off its high of the day.

VIX

Videocast: Big buyer in VIX puts

August 28, 2014

As the market cuts its early losses, Group One's Jamie Tyrrell says the big VIX trade of the day is a purchase of September puts.

VIX

S&P 500 ekes out new record high

August 28, 2014

Equity indexes closed almost unchanged on light volume and low volatility yesterday, but the S&P 500 was able to eke out a new closing high.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER