OptionsHouse

Options Trading News

May 16, 2013  Thu 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equities posted more gains yesterday, while the CBOE Volatility Index again climbed along with stocks.

The S&P 500 was up 8.44 points to 1658.78, another record closing high, after peaking at 1661.49 in midday trading. Support is at 1597.

The Nasdaq 100 gained 6.58 points to 3002.62. Despite the gains, it was unable to break above Tuesday's intraday high. Support is at 2898.

The Russell 2000 gained 2.58 points to 988.54. That too is a new record close, and it posted a new intraday high of 991.55 as well. Support is at 948.

The VIX was also higher, bucking its usually inverse relationship with the S&P 500, rising 0.04 points to 12.81. That was just a tick above the day's lows, as it was in positive territory all day. The volatility index peaked at 13.43 at the same time the SPX hit its high. It is at a substantial premium to the actual volatility, as the 10-day historical volatility for the SPX is down to 7.2 percent and the 20-day reading is 8.9 percent.

The VIX futures posted gains as well. The May futures were up 0.15 points to 13.70, while the June futures gained 0.10 points to close at 15.15. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.82 percent to $18.35.
Share this article with your friends


Related Stories

VIX

Videocast: Volatility in September?

August 20, 2015

Group One's Jamie Tyrrell says traders are buying next month's calls on the volatility index, bracing against a pullback in the S&P 500.

VIX

Videocast: VIX draws September buyers

August 19, 2015

Group One's Jamie Tyrrell says large electronic buy programs are snapping up crash protection in the volatility index.

VIX

Videocast: VIX premiums down before expiry

August 18, 2015

Group One's Jamie Tyrrell says premium is getting sucked out of on volatility index calls on their last full day of trading.

VIX

Videocast: The VIX at crossroads

August 7, 2015

The volatility index has seen broad swings with the market today, and Group One's Jamie Tyrrell says traders think that the VIX can go either way from here.

VIX

Video: Put buyer bucks pop in VIX

August 6, 2015

Volatility is jumping with today's market declines, but Group One's Jamie Tyrrell says a large player continues to bet that the VIX will fall below 12.

Invest Like a Monster - San Antonio: October 9-10

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »