OptionsHouse

Options Trading News

October 3, 2013  Thu 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were mixed but little-changed at the end yesterday's session, but the CBOE Volatility Index surged.

The S&P 500 ended the day down just 1.13 points to close at the session high of 1693.87. It dipped down to just above 1680 in the first hour and then regained ground for most of the rest of the day. Resistance is at 1730 and support at 1630.

The Nasdaq 100 finished just 0.21 points higher at 3253.25. It dipped below 3230 and then climbed to a new 13-year intraday high of 3256 before moving sideways for the last two hours. It has support at 3150.

The Russell 200 was down 4.88 points to 1082.55, the middle of the day's range. The small-cap index peaked at 1087.39 in the afternoon, just $0.39 from its all-time high. It has support at 1040.

(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 up 1.06 points, or 6.82 percent, to 16.60. It was not far from the day's high and made gains after the bell.

The VIX futures followed suit, as the October contracts rose 0.90 points to 16.35. The November futures were up 0.65 points to finish at 16.90. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 3.17 percent to close at $14.63. 
Share this article with your friends


Related Stories

VIX

Videocast: Selling high VIX strikes

January 30, 2015

Group One's Jamie Tyrrell says today's big volatility trades are selling this pop in the VIX, unloading the February 29 and 30 calls.

VIX

VIX drops as equities bounce back

January 30, 2015

The major equity indexes rebounded yesterday after the steep selloff in the previous session, and the CBOE Volatility Index dropped nearly 19 percent.

VIX

Videocast: VIX action 'wishy washy'

January 29, 2015

After the VIX soared late yesterday, Group One's Jamie Tyrrell says today's volatility trading is "wishy washy" as the pits try to decide which way the market is heading.

VIX

Videocast: April call spread in VIX

January 28, 2015

Low volumes persist in volatility trading, but Group One's Jamie Tyrrell says one trader is buying a VIX April 18/25 call ratio spread.

VIX

VIX rises as equities fall on earnings

January 28, 2015

Equity indexes lost ground after a slew of disappointing earnings reports but did finish off the lows of the session. The CBOE Volatility Index gained nearly 11 percent.

OptionsHouse

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »