OptionsHouse

Options Trading News

November 15, 2012  Thu 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The broad equity indexes pushed lower again, all losing more than 1 percent and lifting the CBOE Volatility Index back near 18.

The S&P 500 lost 19.04 points to close at 1355.49, just above its session low. It gave up about 7 points in the first 90 minutes, then held support at 1365 until the last two hours. Support is now 1338, while the first level of resistance will likely come at 1395.

The Nasdaq 100 fell 30 points to 2531.87, its lowest close since mid-June. It followed the same pattern as the SPX, holding support at 2550 until the last 90 minutes. Support is now at 2504 with resistance at 2650.

The Russell 2000 fared the worst of the three indexes, losing 2 percent on the day, or 15.81 points, to close at 773.20. Support and resistance are now 758 and 813 respectively.

The VIX saw a quick dip below 16 in the early minutes of the session, its first time below that level in almost a month. The volatility index remained below 17 until the last hour, when it ran up toward 18. It finished the day up 1.27 points, or 7.63 percent, to 17.92.

The VIX is now back above its November futures. Those contracts, which expire next week, were up 0.85 points to 17.80 yesterday. The December futures were up 0.80 points to 19.

More than 1.2 million SPX options traded, with a put/call ratio of roughly 2 to 1. The VIX options traded more than 512,000 contracts, led by 382,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, was up 7.76 percent to 94.66.
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.

OptionsHouse

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 »