Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 29, 2013  Thu 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes all posted gains but finished yesterday off their best levels of the session. The CBOE Volatility Index declined, but its futures closed higher.

The S&P 500 picked up 4.48 points to close at 1634.96. It climbed above 1641 midday but lost ground in the final hour. It has resistance at 1680 and support at 1600.

The Nasdaq 100 was up 12.60 points to 3072.17. It followed a similar path as the SPX and found resistance at 3085. It has further resistance at 3149 and support at 3030.

The Russell 2000 gained 3.01 points to finish at 1016.50. It again found some support at 1013. The next level below that is 1000, and there is resistance at 1055.

The VIX fell 0.28 points, or 1.67 percent, to 16.49. It had jumped above 17 in the first minutes of the session, then fell as low as 16.10 in midday trading. It remains at a premium to the actual volatility of the S&P 500, but to a decreasing degree, as the 10-day historical volatility is now up to 12.7 percent.

The VIX futures were higher. The September contracts were up 0.15 points to close at 17.35. The October futures gained 0.05 points to close at 17.95. Interestingly, the iPath S&P 500 VIX Short-Term Futures Note (VXX) was down 0.3 percent to $16.48.
Share this article with your friends


Related Stories

VIX

VIX slips as SPX hits new highs

July 24, 2014

Major equity indexes posted more gains yesterday, pushing the S&P 500 to new highs as the CBOE Volatility Index declined again.

VIX

Videocast: Target 19 line in VIX

July 23, 2014

Group One's Jamie Tyrrell says traders are targeting the VIX 19 line today, selling calls in August and buying them in October.

VIX

VIX down as SPX posts new high

July 23, 2014

A broad market rally pushed the S&P 500 to a new all-time high while sending the CBOE Volatility Index lower by more than 4 percent.

VIX

Videocast: Betting on lower volatility

July 22, 2014

As the market rallies today, Group One's Mike Palmer says traders are betting that the recent pops in volatility will be short-lived.

VIX

Videocast: No panic in the VIX pits

July 21, 2014

Group One's Jamie Tyrrell says today's volatility is relatively muted even after the morning downturn, though traders are buying August and October call spreads.

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER