OptionsHouse

Options Trading News

May 2, 2013  Thu 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Small caps led equity indexes lower yesterday, while the CBOE Volatility Index and its futures climbed.

The S&P 500 fell 14.87 points, or 0.93 percent, to 1582.70. The SPX stair-stepped lower all day and finished just above its session lows, which came shortly before the bell. Tuesday's close of 1597.57--the index's all-time high--will likely be resistance for the time being. Support is 1575 and then 1541.

The Nasdaq 100 was down 14.09 points, or 0.49 percent, to 2873.35. It hit an intraday high above 2892 just after the open but also dropped to its session low just before the close. That high could be resistance, while support is at 2832 and then 2744.

The Russell 2000 lost 23.22 points to finish at 924.24, just a few ticks off its low of the day, pushing the small-cap index below its 20-day moving average. That was a 2.45 percent decline, more than twice the percentage loss of the SPX and 5 times that of the NDX. Resistance will be at 948 and support at 900.

The VIX was up 0.97 points, or 7.17 percent, to 14.49--its highest close since April 19. That day the S&P 500 closed about 30 points lower. (The volatility index and the SPX usually move inversely.)

The May VIX futures were up 0.65 points to 15.10, and the June futures gained 0.50 points to 15.90. That boosted the iPath S&P 500 VIX Short-Term Futures Note (VXX) by 4.22 percent to 19.77.

The VIX option volume was again relatively light as only 298,000 contracts traded, led by 216,000 calls. The VXX again topped that volume with 326,000 options, including 173,000 calls.
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.

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 »