tradeMONSTER: Trade free for 90 days

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

VIX declines as rebound continues

December 22, 2014

Equity indexes continued to regain ground on Friday, closing just off their afternoon highs as the CBOE Volatility Index finished lower.

VIX

Videocast: VIX January calls sold

December 19, 2014

Group One's Jamie Tyrrell says traders are selling premium in the front-month VIX contracts as volatility continues to decline.

VIX

VIX retreats as equities rally again

December 19, 2014

The major equity indexes continued to rebound and recover losses yesterday, pushing the CBOE Volatility Index down more than 13 percent.

VIX

Videocast: Huge bet on lower VIX

December 18, 2014

Group One's Jamie Tyrrell says a huge trade is looking for the VIX to fall in coming weeks, selling the January 20 calls and buying the 15 puts 90,000 times.

VIX

VIX below 20 as equities rebound

December 18, 2014

Equity indexes rallied hard yesterday, accelerating higher after the Fed's policy afternoon announcement to close just off session highs. The CBOE Volatility Index fell back below the 20 level.

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER