OptionsHouse

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

Videocast: VIX action 'wishy washy'

January 29, 2015

After the VIX soared late yesterday, Group One's Jamie Tyrrell says today's volatility trading is "wishy washy" as the pits try to decide which way the market is heading.

VIX

Videocast: April call spread in VIX

January 28, 2015

Low volumes persist in volatility trading, but Group One's Jamie Tyrrell says one trader is buying a VIX April 18/25 call ratio spread.

VIX

VIX rises as equities fall on earnings

January 28, 2015

Equity indexes lost ground after a slew of disappointing earnings reports but did finish off the lows of the session. The CBOE Volatility Index gained nearly 11 percent.

VIX

Videocast: Traders buying VIX calls

January 27, 2015

Group One's Mike Palmer says one large trader is buying VIX February 26 calls, but volume is slow because of the big storm.

VIX

Volatility falls as equities end mixed

January 27, 2015

The major equity indexes finished yesterday mixed after climbing off morning lows, while the CBOE Volatility Index fell nearly 7 percent.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »