OptionsHouse

Options Trading News

November 28, 2012  Wed 1:33 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks slipped in the last two hours of yesterday's session, pushing the CBOE Volatility Index back into the green.

The S&P 500 climbed above 1408 twice during the session but closed lower by 7.35 points, just below 1399, apparently after comments by Democratic Sen. Harry Reid on "fiscal cliff" obstacles. The SPX is just above its 20-day moving average, while support and resistance remain at 1385 and 1410 respectively.

The Nasdaq 100 followed the same pattern, finishing the day down 10.25 points at 2641.42. Support remains at 2562 and resistance at 2700.

The Russell 2000 also fell late in the day but closed lower by only 1.28 points, finishing the day at 807.74. It has support at 790 and resistance at 826.

The VIX was up 0.42 points, or 2.71 percent, to finish at its session high of 15.92. It had dipped down to 15 around the middle of the day. The December VIX futures were up 0.50 points to 16.10, while its January futures gained 0.30 points to 17.75.

More than 550,000 VIX options traded, 358,000 of which were calls. The VVIX Index, which measures the implied volatility of those options, was up 2 percent but remains near its lows at 84.17.
Share this article with your friends


Related Stories

VIX

Videocast: Volatility in September?

August 20, 2015

Group One's Jamie Tyrrell says traders are buying next month's calls on the volatility index, bracing against a pullback in the S&P 500.

VIX

Videocast: VIX draws September buyers

August 19, 2015

Group One's Jamie Tyrrell says large electronic buy programs are snapping up crash protection in the volatility index.

VIX

Videocast: VIX premiums down before expiry

August 18, 2015

Group One's Jamie Tyrrell says premium is getting sucked out of on volatility index calls on their last full day of trading.

VIX

Videocast: The VIX at crossroads

August 7, 2015

The volatility index has seen broad swings with the market today, and Group One's Jamie Tyrrell says traders think that the VIX can go either way from here.

VIX

Video: Put buyer bucks pop in VIX

August 6, 2015

Volatility is jumping with today's market declines, but Group One's Jamie Tyrrell says a large player continues to bet that the VIX will fall below 12.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »