VIX futures higher with volatility index
Chris McKhann | firstname.lastname@example.org
The CBOE Volatility Index rose about 4 percent yesterday, and the VIX futures followed suit as the S&P 500 fell back below 1400 again.
The VIX ended the session up 0.68 points to 17.56 after dipping into negative territory in the morning and then pushing as high as 17.92. This corresponded to the S&P 500 slipping throughout the day but climbing offs its session lows in the last hour to close at 1391.57, down 10.74 points.
The May VIX futures were up 3.9 percent to close at 18.75, while the June futures rose 3 percent to 20.55.
More than 364,000 VIX options traded, with calls making up 227,000 of that total. The VVIX, or the implied volatility index of the VIX options, fell to a new low near 85 in the morning before perking up and finishing the day at 88.35.
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.
Videocast: Late May action in VIX pits
May 20, 2013
As stocks resume their record rally, GroupOne's Jamie Tyrrell says there is a surprisingly level of activity in the VIX pits ahead of the May settlement on Wednesday.
Another record close for stock indexes
May 20, 2013
Stocks continued to melt higher on Friday, with the Nasdaq 100 as the only major equity index not in record territory. The CBOE Volatility Index was down 4.74 percent to 12.45.
Videocast: Traders shift as VIX drops
May 17, 2013
As the volatility index falls with today's rally, GroupOne's Jamie Tyrrell says traders are no longer looking for crash protection in May contracts and are buying June VIX calls instead.
Videocast: View of VIX before settlement
May 16, 2013
GroupOne's Dominic Salvino, filling in for Jamie Tyrrell, says VIX traders are targeting the 13 or 14 level ahead of May settlement next week.