Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 22, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes fell for the second straight session yesterday, pushing the CBOE Volatility Index and its futures higher.

The S&P 500 lost 9.53 points, or 0.63 percent, to close at 1502.42. It had traded near 1497 with about two hours left in the session and then rallied, finishing above the 1500 level. Support is still at 1495 and resistance at 1531.

The Nasdaq 100 followed the same pattern, but it lost 1.04 percent, or 28.48 points, to close at 2711.51. It touched support at 2700 but held above that level. The next support level below that is 2600, while resistance is at 2782.

The Russell 2000 gave up 8.10 points, or 0.89 percent, to close at 905.40. It fell to support of 900 held that level. The support below that is 884, while resistance is at 932.

The VIX finished the day up 0.54 points to 15.22, a gain of 3.68 percent. It had climbed as high as 16.21 with 90 minutes left to trade but gave up ground into the close.

The VIX futures were higher, but not for the entire session. The March futures finished with a gain of 0.15 points at 15.55, while the April futures were up 0.10 points to 16.10. At several points during the day, the spot volatility index was above the March futures.

More than 735,000 VIX options traded on the day. Calls made up 403,000 of that volume, less than one would expect given the equity selloff. The VVIX Index, which measures the implied volatility of the VIX options, was up 1.5 percent to 80.83, its first close above 80 in 2013. 
Share this article with your friends


Related Stories

VIX

Videocast: Traders sell VIX calls

April 23, 2014

Group One's Jamie Tyrrell says traders are "selling the possibility of a big move" in the VIX in the next few weeks, led by a large sale of May 18 calls.

VIX

Stock indexes climb to key levels

April 23, 2014

Equity indexes extended their winning streak to six sessions yesterday, bringing them to key technical levels while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX sellers trump buyers

April 22, 2014

Group One's Jamie Tyrrell says sell orders have overwhelmed purchases, most notably a May 20/30 call spread sold 30,000 times.

VIX

Equities extend streak to 5 days

April 22, 2014

The CBOE Volatility Index slipped yesterday as equity indexes advanced again, extending their winning streak to five sessions.

VIX

Videocast: May VIX calls bought

April 21, 2014

Group One's Jamie Tyrrell says a large player who frequently buys VIX calls is now targeting the May 20 and 24 levels in the volatility index.

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER