VIX pops with stocks range-bound
David Russell | firstname.lastname@example.org
Stocks remained in a tight range yesterday, but the CBOE Volatility Index closed near its highs.
The S&P 500 slipped 0.02 percent to 1841.47, fluctuating less than 4 points in the entire session. Support is at 1810, which was resistance before the benchmark index's recent breakout.
The Nasdaq 100 declined 0.11 percent to 3570.08. Support remains at 3515.
The Russell 2000 was down 0.04 percent to 1160.59. The small-cap index has support at 1132.
(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)
The CBOE Volatility Index, which usually moves in the opposite direction of the S&P 500, rose 8.83 percent to 13.56. It was the highest close since Dec. 20.
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.
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."
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.
VIX finishes wild session above 26
October 16, 2014
Equity indexes rebounded off the midday lows to finish mixed yesterday, ending a wild ride that sent the CBOE Volatility Index to its highest level in almost three years.
Videocast: 'Air pockets' in the VIX
October 15, 2014
Group One's Jamie Tyrrell says VIX premiums have gone through the roof with today's wild gyrations in volatility with the equity market.