VIX falls back under 20; futures follow
Chris McKhann | email@example.com
The CBOE Volatility Index ended yesterday back below the 20 level.
The volatility index ended the day at 19.72, down 0.66 points, or 3.24 percent. The S&P 500 gained 6.27 points to settle at 1319.99, coming off its highs in the last hour. The two indexes typically move inversely.
The VIX futures followed the spot volatility index. The July futures were down 0.75 points, or 3.34 percent, to 21.70 as the August futures fell 0.6 points to 23.65.
The VIX options traded 206,000 contracts, including 125,000 calls. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw more than 83,000 contracts change hands, with calls slightly outpacing puts.
Video: VIX October 22 calls bought
October 8, 2015
The VIX Weeklies began trading today, but Group One's Jamie Tyrrell says the big trade is in standard options with a purchase of 45,000 VIX October 22 calls.
Videocast: VIX call buyers return
October 7, 2015
Group One's Jamie Tyrrell says traders were selling VIX calls early in the day but reversed course as the market rally fizzled.
Videocast: Volatility levels decline
October 6, 2015
Group One's Jamie Tyrrell says volatility trading today is implying that the type of VIX action from August and early September will not repeat itself.
Video: Traders see elevated VIX
October 5, 2015
Even with the volatility index falling below 20 today, Group One's Jamie Tyrrell says traders are buying calls and selling puts in the VIX.
Videocast: Target 35 level in VIX
October 2, 2015
Group One's Jamie Tyrrell says traders are targeting the 35 level for the volatility index in October, November, and December contracts.