The CBOE Volatility Index spiked higher at the open but fell throughout the afternoon yesterday, finishing the session lower.
The VIX closed at 16.80, down 0.28 points, or 1.64 percent. The S&P 500 gained in the final minutes of the day to close at 1365.51, just below the morning high. The two indexes usually move inversely.
The VIX futures were all significantly lower. The July contracts were down 1.40 points, or more than 7 percent, to 18.15. The August futures were also down 1.4 points to 20.55.
The VIX options traded 292,000 contracts. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw 215,000 options change hands. Calls slightly outpaced puts in both.
Options Trading News
Related Stories
VIX
Videocast: Parsing huge VIX volume
May 22, 2013
GroupOne's Jamie Tyrrell breaks down today's huge volume in volatility trading after the May VIX settlement came in right at expectations.
VIX
May VIX settlement comes in at 13.17
May 22, 2013
Those May VIX futures finished trading at 13.50. The spot volatility index opened at 13.45 and is now down 0.01 points on the day to 13.36.
VIX
Stocks, VIX close with modest gains
May 22, 2013
Major equity indexes continued their march to new highs yesterday, but the CBOE Volatility Index and its futures posted gains as well.
VIX
Videocast: VIX traders target 13 level
May 21, 2013
GroupOne's Jamie Tyrrell says there appears to be a floor under the volatility index at 13 heading into tomorrow morning's May settlement.
VIX
Stocks pull back after intraday records
May 21, 2013
Equity indexes were mixed but little-changed at the end of yesterday's session, but the CBOE Volatility Index and its futures were higher.
Social Media
Follow optionMONSTER for news and updates
Premium Services
-
Semi-active traders looking for simple calls and spreads (5 per week).
Learn More -
Entry-to-mid level traders looking for full circle trade analysis (1 per week).
Learn More -
Tailored, one-on-one education designed and led by Jon & Pete (3 months and up)
Learn More
