OptionsHouse

Options Trading News

January 29, 2013  Tue 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes were mixed at the end of yesterday's session, but the CBOE Volatility Index and its futures jumped.

The S&P 500 closed at 1500.18, down 2.78 points from from Friday's five-year high but off the session lows. The index could see some resistance at Friday's high just above 1503, while support remains at 1470.

The Nasdaq 100 was up 5.70 points to 2742.43 but closed below the day's highs. The index also remains below levels of a week ago. Support and resistance remain at 2704 and 2770 respectively.

The Russell 2000 was up 1.47 points to 906.71 after climbing to 907.91 shortly before the bell. Those are new all-time highs for the small-cap index. Support remains at 880.

The VIX was up 0.68 points, or 5.28 percent, to 13.57. Its February futures gained 0.50 points to close at 14.60, while the March contracts were up 0.15 points to 15.30. This pushed the iPath S&P 500 VIX Short-Term Futures ETN (VXX) higher by 2.7 percent to 23.57.

The VIX options traded just shy of 296,000 contracts, light compared with the recent action, though calls did outpace puts by 2 to 1. That had the VVIX Index, which measures the implied volatility of the VIX options, up 1.6 percent to 78.16 but still near lows.
Share this article with your friends


Related Stories

VIX

Videocast: Rolling VIX protection

March 5, 2015

Group One's Jamie Tyrrell says the big volatility trade of the day is selling April VIX contracts to buy protection in May and June.

VIX

Videocast: VIX traders look to June

March 4, 2015

Group One's Jamie Tyrrell says near-term VIX call buying has declined as traders are move to contracts in later months.

VIX

Videocast: Near-term pop in VIX?

March 3, 2015

Group One's Jamie Tyrrell says today's action in the VIX pits indicates that traders are positioning for volatility to rise in the near term.

VIX

Videocast: Traders see floor in VIX

March 2, 2015

Group One's Jamie Tyrrell says traders are selling March VIX puts, apparently believing that further downside potential in the volatility index is limited.

VIX

Videocast: VIX 'cash spread' hedge

February 27, 2015

Group One's Mike Palmer explains the strategy behind a VIX "cash spread" as traders cover positions going into the weekend.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

View more education articles »