Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 24, 2013  Wed 1:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes closed lower by varying degrees yesterday, while the CBOE Volatility Index and its futures were mixed.

The S&P 500 fell 3.14 points to 1692.39. It started the day by climbing to an intraday high of 1698.78 but quickly gave up those gains. The SPX then traded in a relatively tight range until closing near the lows. Suport is at 1652.

The Nasdaq 100 was down 23.83 points at 3031.39. Its volatility has been picking up in the last few days. Resistance is at Thursday's intraday high of 3091, while support is at 3000.

The Russell 2000 slipped 1.21 points to 1052.20. It also climbed to a new intraday high right after the open, hitting 1056.86, but fell by late morning. It has support at 1000.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so I will refrain from listing them.)

The VIX finished higher by 0.37 points, or 3.01 percent, to 12.66. The volatility index dropped to 12.07 at the open, barely above its lows from April 12, when the SPX was 100 points lower.

The VIX futures declined, with the August and September contracts both down 0.05 points to 14.65 and 16.15 respectively. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.51 percent to $15.75, a new record low.  
Share this article with your friends


Related Stories

VIX

VIX at 12 as SPX, NDX hit highs

November 28, 2014

Major equity indexes finished Wednesday's session at new highs, driving the CBOE Volatility Index to the 12 level.

VIX

VIX at lowest close in two months

November 26, 2014

The major equity indexes were mixed but little-changed yesterday, while the CBOE Volatility Index fell to its lowest level in two months.

VIX

Videocast: Caution in the VIX pits?

November 25, 2014

Group One's Jamie Tyrrell dissects large VIX call buying that has continued all week, saying that today's price action indicates that traders may be getting more cautious on the market.

VIX

VIX lower as stocks keep rallying

November 25, 2014

The major equity indexes added to their gains yesterday, sending the S&P 500 and Nasdaq 100 to more new highs while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX call buyer returns

November 24, 2014

Group One's Jamie Tyrrell says a large trader continues to purchase VIX December 19 and 23 calls, though others are buying put spreads.

Premium Services

Free Webinar Series

Using Options for Income

Education & Strategy

Importance of learning the basics

Personally, I could never understand how so many option instructors start teaching strategies before explaining what an option is. I...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER