OptionsHouse

Options Trading News

September 12, 2013  Thu 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes ended yesterday mixed, while the CBOE Volatility Index and its futures tumbled again.

The S&P 500 was up 5.14 points to close at its session high of 1689.13. It was negative for the first couple of hours before climbing out of its hole. It has resistance at 1700 and support at 1627.

The Nasdaq 100 was down 5.21 points to 3179.86. It dipped to 3160, weighed down by Apple, but also closed at its high of the day. The NDX has resistance at Tuesday's high of 3189 and support at 3060.

The Russell 2000 was off 0.38 points to 1055.34, the middle of its range for the day. The small-cap index has resistance at its high of 1063 and support at 1010.

The VIX fell 0.71 points, or 4.89 percent, to close at the session low of 13.82. The 20-day actual  volatility of the S&P 500 is still above 11 percent, so the VIX's premium is quite low.

The VIX futures followed lower. Both the September and October futures were down 0.6 to 14.55 and 15.75 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 3.18 percent to $14.47. 
Share this article with your friends


OptionsHouse

Premium Services

Education & Strategy

Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »