Options Trading News

January 14, 2013  Mon 12:14 AM CT

The major equity indexes were mixed at the end of Friday's session, but CBOE Volatility Index was lower again.

The S&P 500 finished the week at 1472.05, just 0.07 below Thursday's close but a few points higher over the week. Thursday's close was the SPX's highest since the last days of 2007. The index was lower for most of Friday's session but climbed into the green in the final minutes of trading. It is now up against resistance, while support remains at 1420.

The Nasdaq 100 was higher by 4 points to close at 2748.26. That was below the morning highs but it too spent much of the day in negative territory. Unlike the SPX, it closed at its highest since Oct. 17. It has resistance at 2785 and support at 2670.

The Russell 2000 was down less than 1 point at the end of the day. The small-cap index was positive just briefly in the morning and climbed back near unchanged toward the end of the session. It was just off Thursday's close, which was its highest ever. Resistance remains at 883 and support at 853.

The VIX ended the week at 13.36, down 0.13 points, or 1 percent. It was the index's lowest close since May 2007. It was higher for the first hour and remained so throughout most of the day but collapsed in the final minutes.  

The VIX futures were lower as well. Both the January and February futures were down 0.10 points to 14.10 and 16 respectively. This had the iPath S&P 500 VIX Short-Term Futures ETN (VXX) down 0.7 percent to 26.39, yet another new low.

More than 825,000 VIX options traded, 706,000 of which were calls. But the VVIX Index, which measures the implied volatility of the VIX options, was up only 1.3 percent to 78.52.
Share this article with your friends

Related Stories


Video: VIX call buyers loading up

November 30, 2015

Group One's Jamie Tyrrell says volatility traders are buying 15,000 VIX December 20 calls and 30,000 January 30 calls today.


Video: VIX traders sell premium

November 25, 2015

As activity slows the day before Thanksgiving, Group One's Jamie Tyrrell says traders are selling December 21 calls.


Video: Big call spreads in the VIX

November 24, 2015

After the VIX Weekly contracts settled at 16.56 this morning, Group One's Jamie Tyrrell says today's big trades are December and February call spreads.


Video: Complex January call play

November 23, 2015

As volume slows this Thanksgiving week, Group One's Jamie Tyrrel says the largest trade today is buying the January 19 calls and selling the January 24 and 26 calls.


Video: Will VIX hold at 16 level?

November 20, 2015

The spot volatility index is dropping below 16 today, but Group One's Jamie Tyrrell says one large put seller does not expect the VIX to go much lower.



The fastest money in the market
View full report »

Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »