VIX rises as equity indexes stumble
Chris McKhann | firstname.lastname@example.org
Major equity indexes lost ground yesterday, driving the CBOE Volatility Index higher.
The S&P 500 was down 6.32 points to close at 1685.33. That was the middle of a relatively tight range in place all day. Resistance is at 1699 and support at 1652.
The Nasdaq 100 gave up 7.27 points to finish at 3068.95. Unlike the SPX it had gains in the morning, but it too finished in the middle of its session range. Resistance is at 3091 and support at 3000.
The Russell 2000 fell 7.84 points to 1040.66. The small-cap index saw relatively steep losses in the early going. Resistance is now at 1057 and support at 1000.
The VIX was up 0.67 points, or 5.27 percent, to 13.39 after hitting 13.86 in the morning. The VIX futures followed higher, as the August contracts gained 0.20 points to close at 14.65 and the September futures rose 0.10 points to 15.95. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.29 percent to $15.71.
Videocast: VIX going to Weeklies
May 28, 2015
Group One's Jamie Tyrrell says new VIX Weekly options will soon replacee available, replacing the nine-day CBOE Short-Term Volatility Index (VXST) contracts.
Video: June VIX calls bought again
May 27, 2015
Even though the market has reversed course with today's rally, Group One's Jamie Tyrrell says traders are buying VIX June 18 calls for the second session in a row.
Video: Volatility measures jump
May 26, 2015
Group One's Jamie Tyrell says traders are buying June and July VIX calls with the spot index up 15 percent and the nine-day CBOE Short-Term Volatility Index (VXST) spiking 40 percent.
Video: Huge June VIX call buy
May 22, 2015
Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.
Video: Heavy June VIX call action
May 21, 2015
A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.