tradeMONSTER: Trade free for 90 days

Options Trading News

November 21, 2012  Wed 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The broad U.S. equity indexes closed mixed but basically unchanged at the end of the day.

The S&P 500 finished the day at 1387.81, up less than 1 point on the session after dropping at the open and climbing into the close. Resistance remains at 1400 and support at 1348.

The Nasdaq 100 slipped just over 1 point to close at 2594.66. It followed a similar pattern, climbing towards its highs at the close. Resistance and support remain at 2623 and 2494 respectively.

The Russell 2000 gained less than 1 point, closing at 793.81, essentially matching the morning high. Support and resistance are at 764 and 805 respectively.

All three stock indexes remain below their 20-day moving averages.

The CBOE Volatility Index was down 0.16 points, or 1.05 percent, to close at its session low of 15.08. The VIX is now in line with the 20-day historical volatility of the SPX but remains below its 10-day reading of 18.85 percent.

The November VIX futures finished trading yesterday and settle this morning. They were down 0.15 points to close at 15.10. The front-month December futures lost 0.25 points to close at 16.35. The January futures were down 0.65 points to 18 even.

More than 606,000 VIX options changed hands, led by 351,000 puts. The SPX options were just behind with 563,000 and a put/call call ratio of 2 to 1. The VVIX Index, which measures the implied volatility of the VIX options, was down 2.8 percent to 85.93, approaching the lows. 
Share this article with your friends


Related Stories

VIX

Videocast: VIX January calls sold

December 19, 2014

Group One's Jamie Tyrrell says traders are selling premium in the front-month VIX contracts as volatility continues to decline.

VIX

VIX retreats as equities rally again

December 19, 2014

The major equity indexes continued to rebound and recover losses yesterday, pushing the CBOE Volatility Index down more than 13 percent.

VIX

Videocast: Huge bet on lower VIX

December 18, 2014

Group One's Jamie Tyrrell says a huge trade is looking for the VIX to fall in coming weeks, selling the January 20 calls and buying the 15 puts 90,000 times.

VIX

VIX below 20 as equities rebound

December 18, 2014

Equity indexes rallied hard yesterday, accelerating higher after the Fed's policy afternoon announcement to close just off session highs. The CBOE Volatility Index fell back below the 20 level.

VIX

Videocast: Premium selling in VIX

December 17, 2014

Group One's Jamie Tyrrell says there has been "a ton" of activity in January VIX contracts, with traders selling premium heavily.

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER