VIX rises as major stock indexes slip
Chris McKhann | email@example.com
The CBOE Volatility Index inched higher yesterday as the major equity indexes all finished slightly lower.
The S&P 500 slipped 1.37 points to close at 1470.68, a level that continues to be resistance. The SPX fell to session lows in the first hour and climbed back. Support remains at 1420.
The Nasdaq 100 ended the day at 2735.70, down 12.56 points, or almost 0.5 percent. The index, which was weighed down primarily by a steep loss in Apple shares, fell below 2725 in the morning but gained back a bit of that ground. Support and resistance remain at 2670 and 2785 respectively.
The Russell 2000 Index was down just 0.67 points to 880.10. It too remains right up at resistance, while support is 853.
The VIX was up 0.16 points, or 1.2 percent, to close at 13.52. But the VIX futures were lower, with the January contracts off 0.05 points to 14.10 and the February futures down 0.10 points to 15.90.
Just shy of 468,000 VIX options traded, with calls outpacing puts by more than 2 to 1. The VVIX Index, which measures the implied volatility of the VIX options, was down fractionally at 78.28.
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.
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 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.