Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 25, 2013  Thu 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were mixed at the end of yesterday's session, but the CBOE Volatility Index pushed higher.

The S&P 500 lost 6.45 points to close at 1685.94. It opened by climbing to 1698.38, just shy of Tuesday's record intraday high. The SPX fell from there but did finish a couple of points off the day's lows. Tuesday's high may prove to be resistance, while support is now at 1652.

The Nasdaq 100 was up 9.76 points to close at 3041.16. The index opened the day above 3060 before falling, but it did finish above the session lows. Its intraday high of 3091 from last week will likely be resistance, while support is at 3000.

The Russell 2000 declined 8.37 points to 1043.83. It jumped above 1055 at the open, then slipped below 1043 in the afternoon. Resistance is at its all-time high around 1057, while support is at 1000.

The VIX was up 0.52 points, or 4.11 percent to 13.18. The volatility index reached a high of 13.49 but fell right at the bell. It is up 9 percent from Tuesday's low, while the SPX is down less than 1 percent.

The VIX is also higher than actual volatility, as the S&P 500's 20-day historical volatility at 7.7 percent. The two indexes usually move inversely.

The VIX futures posted much smaller gains. The August futures rose 0.15 points to close at 14.80, and the September futures were up 0.05 points to 16.20. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.3 percent to $15.96.
Share this article with your friends


Related Stories

VIX

VIX drops again as equities rally

October 21, 2014

All of the major equity indexes were higher yesterday, driving the CBOE Volatility Index lower by more than 15 percent.

VIX

Videocast: Volatility quieting down

October 20, 2014

As stocks drift higher after last week's selloff, Group One's Jamie Tyrrell says the big trades today are selling October VIX calls.

VIX

VIX falls as equities close mixed

October 20, 2014

Equity indexes were mixed on Friday to finish a volatile week, while the CBOE Volatility Index dropped nearly 13 percent.

VIX

Videocast: Volatility down big today

October 17, 2014

Group One's Jamie Tyrrell says the volatility index is back down near the 20 level in today's rally, with near-term futures getting "crushed."

VIX

Videocast: November VIX calls sold

October 16, 2014

Group One's Jamie Tyrrell says traders are holding onto protection for the next few days but are selling the November VIX calls, apparently believing that volatility levels are too elevated.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Analyzing a bipolar market

Economics hinges on the tenet that people, including investors and traders, act rationally and in their own best interests. But...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER