Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 16, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes dropped sharply yesterday, pushing the CBOE Volatility Index up nearly 13 percent.

The S&P 500 fell 24.07 points, or 1.43 percent, to 1661.32. That was the lowest close since July 10 for the SPX, which finished just a couple of points above the intraday low that came in the afternoon. Support is now at 1625, while resistance remains at 1709.

The Nasdaq 100 gained 53.22 points, or 1.7 percent, to 3076.23. The NDX hit its session low in the first hour, almost touching 3068, and is now just back to where it was on July 29. It still has support at 3030 and resistance at 3149.

The Russell 2000 lost 20.19 points, or almost 2 percent, to close at 1027.61. Resistance remains at 1063 for the small-cap index, which has some support at 1020 and then at 1000.

The VIX was up 1.69 points, or 12.96 percent, to finish at 14.73 after posting its intraday high of 14.85 in the first hour of trade. It remains much higher than the actual volatility of the SPX, whose 20-day historical volatility was driven up to 8.2 percent yesterday.

The VIX futures followed higher. The August futures have just a few days left before settlement and were up 0.90 points to 14.25, so they are now at a discount to the spot volatility index. The September contracts rose 0.55 points to 15.70. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 5.31 percent to $15.26.
Share this article with your friends


Related Stories

VIX

Equities close red but well off lows

September 30, 2014

Equity indexes closed in negative territory yesterday but were well off their lows. The CBOE Volatility Index finished just shy of 16.

VIX

Videocast: October VIX calls sold

September 29, 2014

Although volatility has risen with the market swings of the last week, Group One's Jamie Tyrrell says today's big trading is selling October VIX calls.

VIX

VIX below 15 at end of wild week

September 29, 2014

Equity indexes rebounded once again on Friday, sending the CBOE Volatility Index back below the 15 level and ending a week of sharp directional changes.

VIX

Videocast: Reversal in VIX trading

September 26, 2014

As the market bounces after yesterday's selloff, Group One's Jamie Tyrrell says traders are unloading October VIX contracts in heavy volume.

VIX

VIX spikes above 15 as stocks fall

September 26, 2014

Equity indexes saw their steepest drop in two months yesterday, driving the CBOE Volatility Index above the 15 level.

Premium Services

Archived Webinar

Options on Futures are Still Options

Education & Strategy

Before you quit that day job...

I try to avoid popular-culture references, but this week's "American Ninja Warrior" struck a chord. One contestant had laid it...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER