OptionsHouse

Options Trading News

March 8, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes continued to advance yesterday, setting more records and pushing the CBOE Volatility Index and its futures down again.

The S&P 500 picked up 2.8 points to close at 1544.26. The SPX hit its session high of 1545.78 shortly before the bell and is closing in on its highs from October 2007. Resistance is at the closing high of 1565, with support at 1520.

The Nasdaq 100 gained 6.9 points to close just below 2800 yet again, making up Wednesday's losses. It was the index's highest close since Oct. 5. Resistance is 2812 and support at 2700.

The Russell 2000 finished at 934.57, its session peak and a new all-time high. It has support at 915 and then at 900.

The VIX finished the day down 0.47 points, or 3.5 percent, to 13.06. It was just off the low of the day but held 13 throughout.

The VIX futures were down as well, with the March contracts falling 0.50 points to 14.20 while the April futures off 0.35 points to 15.20. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2 percent to 21.95.

VIX option volume was relatively light at 246,000 contracts, with calls making up 153,000 of that volume. The VXX actually outpaced with 250,000 options, with puts leading at 159,000 contracts.

The VVIX Index, which measures the implied volatility of the VIX options, was down 2 percent to 77.16. 
Share this article with your friends


Related Stories

VIX

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.

VIX

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.

VIX

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.

VIX

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.

VIX

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.

OptionsHouse

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »