Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 15, 2013  Tue 2:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equities surged yesterday on optimism that a deal would be reached to raise the federal debt ceiling. The CBOE Volatility Index also gained, bucking its usual inverse relationship with the S&P 500.

The SPX rose 6.94 points to 1710.14, just off its high of the day. The benchmark index has closed higher only two other times, in mid-September. It has resistance at the all-time high of 1729 and support at 1647.

The Nasdaq 100 was up 22.19 points to 3256.02, a new 13-year closing high. It has support at 3120.

The Russell 2000 added 5.99 points to 1090.30, an all-time record high. It has support at 1040.

(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 VIX was up 0.35 points, or 2.2 percent, to 16.07. It climbed to 17.74 during the morning selloff, then fell below 16 in the final minutes before regaining ground just before the close.

The VIX futures were also higher. The October contracts, which have only day left to trade, gained 0.20 points to close at 15.90. The November futures were up 0.25 points to close at 16.65. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.03 percent to $14.68. 
Share this article with your friends


Related Stories

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.

VIX

VIX above 13 as equities pull back

September 15, 2014

Major equity indexes were lower at the end of the Friday's session, pushing the CBOE Volatility Index back above the 13 level.

VIX

Small caps lead equity rebound

September 12, 2014

The major equity indexes finished yesterday mixed but at their highs of the day after climbing off morning lows. The CBOE Volatility Index was little-changed.

VIX

VIX below 13 as equities rebound

September 11, 2014

The major equity indexes reversed morning losses to finish higher yesterday, pushing the CBOE Volatility Index back below the 13 level.

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