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 call buyers loading up
November 30, 2015
Group One's Jamie Tyrrell says volatility traders are buying 15,000 VIX December 20 calls and 30,000 January 30 calls today.
Video: VIX traders sell premium
November 25, 2015
As activity slows the day before Thanksgiving, Group One's Jamie Tyrrell says traders are selling December 21 calls.
Video: Big call spreads in the VIX
November 24, 2015
After the VIX Weekly contracts settled at 16.56 this morning, Group One's Jamie Tyrrell says today's big trades are December and February call spreads.
Video: Complex January call play
November 23, 2015
As volume slows this Thanksgiving week, Group One's Jamie Tyrrel says the largest trade today is buying the January 19 calls and selling the January 24 and 26 calls.
Video: Will VIX hold at 16 level?
November 20, 2015
The spot volatility index is dropping below 16 today, but Group One's Jamie Tyrrell says one large put seller does not expect the VIX to go much lower.