Learn the trade here. Make it on tradeMONSTER

Options Trading News

December 4, 2012  Tue 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Major equity indexes closed fractionally lower on the day, but the CBOE Volatility Index jumped again.

The S&P 500 was down 6.72 points to close at 1409.46. It jumped above 1423 at the open but then slid all day. Support and resistance remain unchanged at 1380 and 1428 respectively.

The Nasdaq 100 followed the same pattern. The NDX climbed above 2699 at the open but declined steadily for the rest of the day until it closed at 2671.51, down 6.04 points. Resistance at 2700 held up, while support is still 2600.

The Russell 2000 gave up a bit more than one point to close at 820.80. It surged at the open as well, getting up above 826, but did not close at its low of the day. Support is at 800 and resistance at 830.

The VIX was up 0.77 points, or 4.85 percent, to 16.64. Normally we would attribute at least part of that move to the fact that it was a Monday, when SPX options are repriced after the weekend time decay. But this was not necessarily the case because the December VIX futures gained 0.80 points to close at 16.35, while th January futures were up 0.55 points to 17.70.

More than 640,000 SPX options traded yesterday, led by 400,000 puts. The VIX options turned over 614,000 times, with calls outpacing puts by almost 3 to 1. The VVIX Index, which measures the implied volatility of the VIX options, was up 7 percent to 84.07 but remains near its lows.
Share this article with your friends


Related Stories

VIX

Rally drives volatility indexes lower

September 19, 2014

The major equity indexes pushed to new highs yesterday as volatility measures continued to fall. The VIX was down nearly 5 percent.

VIX

Equities slightly higher after wild ride

September 18, 2014

Equity indexes spiked lower and higher after yesterday's Federal Reserve announcement but ended the session little-changed, with slight gains.

VIX

September VIX settles at 13.03

September 17, 2014

The September VIX futures settled this morning at 13.03, right where the spot CBOE Volatility Index opened the session.

VIX

VIX declines as equities rebound

September 17, 2014

The major equity indexes rebounded sharply yesterday, driving the CBOE Volatility Index lower by nearly 10 percent.

VIX

Equities drop, send VIX above 14

September 16, 2014

Equity indexes finished yesterday in the red but were above the lows of the day. The CBOE Volatility Index posted its first close above 14 in a month.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER