Options Trading News

November 21, 2012  Wed 12:45 AM CT

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


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.


Video: VIX call buying accelerates

November 19, 2015

Group One's Jamie Tyrrell says heavy VIX call buying continues to mount this week, with 96,000 December 27 contracts purchased today.


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. 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 »