VIX higher as equities post losses
Chris McKhann | [email protected]
Equity indexes closed yesterday with modest losses ahead of today's Federal Reserve announcement, while the CBOE Volatility Index ticked slightly higher.
The S&P 500 was down 5.54 points to close at 1781 even. That was the middle of the day's range as it hit 1777 in the late morning. It has resistance at 1813 and support at 1750.
The Nasdaq 100 was off 6.47 points to 3469.31. The NDX continues to hold above its 20-day moving average. It has resistance at 3524 and support at 3400.
The Russell 2000 was down 0.96 points to 1118.89. It has resistance at 1147 and support at 1080.
The VIX was up 0.18 points, or 1.12 percent, to 16.21. The volatility index was down at 15.81 with about 2 hours left of trade but then climbed into the bell.
The December VIX futures finished at 16.20 ahead of its settlement this morning, and the January futures closed at 15.55. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.42 percent to $47.25.
Videocast: Selling VIX calls at 16
April 20, 2015
With the market rebounding strongly today, Group One's Jamie Tyrrell says the big trade of the day is selling the VIX May 16 calls.
Videocast: Traders buying VIX puts
April 17, 2015
Even with stocks down sharply today, Group One's Jamie Tyrrell says traders are buying in-the-money VIX May 16 puts apparently in the believe that volatility will pull back.
Videocast: VIX call buyer returns
April 16, 2015
A day after the April settlement, Group One's Jamie Tyrrell says a big player is back buying the VIX May 19 and 23 calls.
Videocast: April VIX settles at 13.81
April 15, 2015
The April VIX contracts settled at 13.81 this morning, but Group One's Jamie Tyrrell says traders are now buying the May 19 and 23 calls.
Videocast: VIX on eve of expiration
April 14, 2015
On the day before the April expiration, Group One's Jamie Tyrrell says traders are focusing on the VIX 14 puts and 15 calls.