OptionsHouse

Options Trading News

October 9, 2012  Tue 12:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The gap narrowed between the CBOE Volatility Index and the VIX futures as the major stock indexes gave up more ground yesterday.

The VIX finished at 15.11, up 0.78 points, or 5.44 percent on the day. It closed a big of the gap to the October futures, which gained 0.20 points to 15.95. The November futures were up 0.15 points to 17.40.

The SPX and VIX options each traded about 258,000 contracts. Calls led the VIX options with 140,000 contracts, while puts made up the majority of the SPX volume with 170,000.

The S&P 500 gave up 5.05 points to end the day at 1455.88. Resistance remains at 1471 and support at 1438.

The Nasdaq 100 lost 25.02 points to close at 2786.92. It appears to be completing a bearish "head and shoulders" top pattern with a potential downside target of 2680. Resistance is 2851 and support is 2780.

The Russell 2000 index fell 4.45 points to close at 838.41. Resistance for the small-cap index is 856 and support is 832.
Share this article with your friends


Related Stories

VIX

VIX drops as equities bounce back

January 30, 2015

The major equity indexes rebounded yesterday after the steep selloff in the previous session, and the CBOE Volatility Index dropped nearly 19 percent.

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.

Invest Like a Monster - Las Vegas: March 13-14

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 »