OptionsHouse

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

Videocast: VIX 'cash spread' hedge

February 27, 2015

Group One's Mike Palmer explains the strategy behind a VIX "cash spread" as traders cover positions going into the weekend.

VIX

Videocast: Futures see higher VIX

February 26, 2015

Although the spot volatility index remains below 14, Group One's Dominic Savino says the March VIX futures are targeting the 16 level.

VIX

Videocast: Low short-term volatility

February 25, 2015

Although a big player is buying VIX March 23 calls, Group One's Mike Palmer says the iPath S&P 500 VIX Short-Term Futures Note (VXX) settled today near 11.

VIX

Videocast: VIX falls as Yellen talks

February 24, 2015

Group One's Mike Palmer says traders are betting on lower volatility amid speculation that the Federal Reserve will not hike interest rates before the end of the year.

VIX

Videocast: The VIX ahead of Yellen

February 23, 2015

Volatility has calmed down after a rocky open today, but Group One's Mike Palmer says the VIX could move early tomorrow with Senate testimony by Fed Chair Janet Yellen.

OptionsHouse

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

The Strike-Based Greeks

The other Greeks (Gamma, Vega, and Theta) are calculated by using month and strike data, and not by individual option. These are called strike-based Greeks. Gamma, Theta, and Vega are all strike-based Greeks

View more education articles »