Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 16, 2012  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The equity indexes bounced off their session lows but still all finished yesterday in the red, pushing the CBOE Volatility Index and its futures slightly higher.

The S&P 500 was down 2.16 points to close at 1353.33. It had traded as low as 1348 and bounced into positive territory at several points, including right before the bell. Support and resistance remain at 1338 and 1395 respectively.  

The Nasdaq 100 was down 7.51 points to 2524.36. The NDX too was in the middle of its range, though it fell to session lows under 2515 just before the bell. Support and resistance are 2504 and 2650 respectively.

The Russell 2000 was down 3.72 points to 769.48, having the biggest percentage loss of the three at 0.48 percent. Support remains at 758 and resistance at 813.

The VIX was up 0.07 points to 17.99 after hitting a high of 18.64 around lunchtime at the S&P 500's low. It remains essentially in line with the short-term historical volatility of the SPX, which is also above 17 percent.

The VIX futures were also higher. The November futures gained 0.15 points to 18 even, while December futures were up 0.10 points to 19.10. The VIX futures traded 171,000 contracts, making it the fourth highest volume day ever. Wednesday was just behind with more than 169,000 contracts, putting it in fifth place.

More than 1.4 million SPX options changed hands with a put/call ratio of roughly 2 to 1. More than 458,000 VIX options traded, with 311,000 calls. But the VVIX Index, which measures the implied volatility of the VIX options, was actually down fractionally on the day at 94.54.
Share this article with your friends


Related Stories

VIX

Videocast: Reversal in VIX pits

April 24, 2014

Group One's Jamie Tyrrell says traders rushed to buy May and June calls when stocks fell early today, but the activity quickly subsided as the market has calmed down.

VIX

Equities break six-day win streak

April 24, 2014

The Nasdaq 100 led the major indexes lower yesterday, but the CBOE Volatility Index posted only a fractional gain.

VIX

Videocast: Traders sell VIX calls

April 23, 2014

Group One's Jamie Tyrrell says traders are "selling the possibility of a big move" in the VIX in the next few weeks, led by a large sale of May 18 calls.

VIX

Stock indexes climb to key levels

April 23, 2014

Equity indexes extended their winning streak to six sessions yesterday, bringing them to key technical levels while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX sellers trump buyers

April 22, 2014

Group One's Jamie Tyrrell says sell orders have overwhelmed purchases, most notably a May 20/30 call spread sold 30,000 times.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER