OptionsHouse

Options Trading News

December 14, 2012  Fri 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The equity indexes were lower at the end of the day, driving the CBOE Volatility Index and its futures higher.

The S&P 500 was down 9.03 points to close at 1419.45, ending a six-day winning streak. It was as low as 1416 going into the last two hours of the session, bounced shortly before the bell, and then slipped again. Support is at 1398 and resistance at 1438.

The Nasdaq 100 followed a similar pattern, losing 20 points at the end of the day to finish at 2654.01. It continues to trade within support and resistance at 2600 and 2700 respectively.

The Russell 2000 gave up 5.19 points to end the session at 824.20. It has support at 810 and resistance at 842.

All three indexes are right back to their 10-day moving averages.

The action pushed the VIX up 0.61 points, or 3.82 percent, to 16.56. The volatility index, which typically moves inversely to the S&P 500, climbed all day to a high of 16.67 shortly before the bell.

The VIX futures were up as well. The December futures gained 0.50 points to 16.60, while the January contracts rose 0.15 points to 17.30.

More than 509,000 VIX options changed hands yesterday, led by 324,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, was up 4.5 percent to 86.74.
Share this article with your friends


Related Stories

VIX

VIX at highest level in 4 months

June 29, 2015

The CBOE Volatility Index is up 23.75 percent to 17.35 in midday trading, just off its intraday peak and its highest level since Feb. 11.

VIX

DRJ: Keep a close eye on volatility

June 29, 2015

As the Greek crisis intensifies, we are likely to see an explosion in volatility as widespread selling in European markets in turn pressures our indexes.

VIX

Video: Heavy July VIX call selling

June 24, 2015

After a steady stream of buying recently, Group One's Jamie Tyrrell says a trader sold 75,000 July 17 calls yesterday, and those levels are holding today.

VIX

Videocast: Cheap VIX call buying

June 23, 2015

With the volatility index down again today, Group One's Jamie Tyrrell says traders are buying July VIX calls but for much lower prices than last week.

VIX

Video: August insurance in VIX

June 22, 2015

After last week's heavy volume paused on Friday, Group One's Jamie Tyrrell says VIX call buying has resumed with traders focused on August.

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

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »