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 at highest level in 4 months

June 29, 2015

The CBOE Volatility Index is up 23.75 percent to 17.35 in midday trading, just off its intraday peak and its highest level since Feb. 11.

VIX

DRJ: Keep a close eye on volatility

June 29, 2015

As the Greek crisis intensifies, we are likely to see an explosion in volatility as widespread selling in European markets in turn pressures our indexes.

VIX

Video: Heavy July VIX call selling

June 24, 2015

After a steady stream of buying recently, Group One's Jamie Tyrrell says a trader sold 75,000 July 17 calls yesterday, and those levels are holding today.

VIX

Videocast: Cheap VIX call buying

June 23, 2015

With the volatility index down again today, Group One's Jamie Tyrrell says traders are buying July VIX calls but for much lower prices than last week.

VIX

Video: August insurance in VIX

June 22, 2015

After last week's heavy volume paused on Friday, Group One's Jamie Tyrrell says VIX call buying has resumed with traders focused on August.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »