Learn the trade here. Make it on tradeMONSTER

Options Trading News

May 23, 2013  Thu 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes finally gave up some ground yesterday, pushing the CBOE Volatility Index and its futures higher.

The S&P 500 was down 13.81 points, or 0.83 percent, after opening the day by climbing to a new intraday high of 1687.18. It then saw significant volatility as it traded as low as 1648.86 before bouncing a bit into the bell. That 1687 level will likely be resistance, while support is at 1627.

The Nasdaq 100 lost 27.32 points, or 0.9 percent, to close at 2999.13. It followed a similar pattern, climbing as high as 3053.51. That price will be resistance, while support is at 2948.

The Russell 2000 had the worst percentage loss of 1.65 percent, or 16.52 points, to close at 982.26. It climbed to a new intraday high of 1008.23 and then gave up more than 30 points to the low shortly before the bell. That 1008 level will be resistance, while support is at 966.

The VIX was up 0.45 points, or 3.4 percent, to 13.82. It reached a high of 14.45 about 30 minutes before the bell and slipped from there. Those were the volatility index's highest levels since May 2, when the S&P 500 was 90 points lower. The VIX and the SPX usually move inversely.

The VIX futures were down at the end of the day after the May contracts settled on the open at 13.17. Both the June and July VIX futures gave up 0.10 points, to 15.30 and 16.40 respectively. But the iPath S&P 500 VIX Short-Term Futures Note (VXX), which comprises those two futures, was up 1.09 percent to $18.63.

The VIX options traded 766,000 contracts, led by 484,000 calls. The SPDR S&P 500 Fund (SPY) options topped yesterday's total option volume with 4.4 million contracts.
Share this article with your friends


Related Stories

VIX

Videocast: VIX pits quiet down

August 29, 2014

Despite persistent geopolitical issues, Group One's Jamie Tyrrell says volatility trading is slow ahead of the three-way weekend.

VIX

VIX above 12 as equities rebound

August 29, 2014

Equity indexes finished yesterday lower but regained much of the ground lost early in the session. The CBOE Volatility Index rose back above the 12 level but was well off its high of the day.

VIX

Videocast: Big buyer in VIX puts

August 28, 2014

As the market cuts its early losses, Group One's Jamie Tyrrell says the big VIX trade of the day is a purchase of September puts.

VIX

S&P 500 ekes out new record high

August 28, 2014

Equity indexes closed almost unchanged on light volume and low volatility yesterday, but the S&P 500 was able to eke out a new closing high.

VIX

Videocast: Low volume in VIX pits

August 27, 2014

Group One's Jamie Tyrrell says volume is low in the VIX pits as one large player appears to done buying upside calls.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER