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.
Options Trading News
Related Stories
VIX
Videocast: Round-trip in volatility index
June 18, 2013
DRJ, filling in for Group One's Jamie Tyrrell, tracks the sharp VIX moves up and then back down based on speculation over the Fed's remarks tomorrow.
VIX
Index, ETF option volumes near midday
June 18, 2013
The option market appears to be in "hurry up and wait" mode before tomorrow's Fed announcement as just 4.8 million contracts have changed hands so far today, optionMONSTER data systems show.
VIX
Volatility index down as equities gain
June 18, 2013
The major equity indexes were higher yesterday but off the best levels of the morning. The CBOE Volatility Index and its futures were lower.
VIX
Audiocast: Spot VIX, futures diverging
June 17, 2013
Chris McKhann, filling for Group One's Jamie Tyrrell, says that the VIX is holding up relatively well with today's market rally but that its futures may be telling a different story.
VIX
VIX at 17 as stocks end week lower
June 17, 2013
The major equity indexes slipped on Friday and closed negative on the week, pushing the CBOE Volatility Index back above the 17 level.
Social Media
Follow optionMONSTER for news and updates
Premium Services
-
Semi-active traders looking for simple calls and spreads (5 per week).
Learn More -
Entry-to-mid level traders looking for full circle trade analysis (1 per week).
Learn More -
Tailored, one-on-one education designed and led by Jon & Pete (3 months and up)
Learn More
Education & Strategy
Why education is key to options
People get into option trading for a number of reasons, but there are three primary motivations: to increase income, to...
