VIX slips as equities bounce back
Chris McKhann | email@example.com
The CBOE Volatility Index ended slightly lower yesterday as equity indexes regained ground.
The S&P 500 was up 5.69 points to end the day at 1752.07, just a couple of points below Tuesday's all-time closing high. It has support at 1700.
The Nasdaq 100 gained 16.32 points to finish at 3362.37. It too is just off of Tuesday's close, which in this case is a 13-year high. It has support 3250.
The Russell 2000 rose 7.92 points to 1119.85, a new closing high for the small-cap index. It has support at 1087.
(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)
The VIX was down 0.22 points, or 1.64 percent, to 13.20. The November VIX futures were down 0.25 points to close at 14.45, and the December futures fell 0.10 points to 15.45. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.49 percent to $12.88.
Videocast: Big April VIX call buying
March 27, 2015
GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.
Videocast: VIX not showing panic
March 26, 2015
Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.
Videocast: April, August VIX calls
March 25, 2015
As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.
Videocast: Looking for higher volatility
March 24, 2015
Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.
Videocast: Buying April VIX calls
March 19, 2015
As the market pulls back from yesterday's rally, Group One's Jamie Tyrrell says traders are buying VIX April 22, 26, and 27 calls.