Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 19, 2013  Tue 1:47 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes finished lower yesterday after hitting new highs, while the CBOE Volatility Index climbed back above 13.

The S&P 500 was down 6.65 points to close at 1791.53 after reaching a new intraday high of 1802.33 in the first minutes of trade. It fell sharply in the afternoon, dropping to 1788 before regaining a bit of ground in the final 30 minutes. It has support at 1775 and then 1745.

The Nasdaq 100 was down 33.71 points to close at 3388.87. It hit a 13-year intraday high of 3429.20 right out of the gate but followed the same pattern as the SPX in the afternoon. The NDX has support at 3300.
 
The Russell 2000 was down 8.91 points to 1107.29. It was as high as 1119.98 in the morning. The small-cap index has support at 1080. (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 0.91 or 7.5 percent to 13.1. Part of that gain was caused by the weekend time decay and the repricing of the SPX options on which the volatility index is based.

The VIX futures were unchanged at the end of the day. The November futures, which have only one day left to trade, closed at 13.25 as the December options finished at 14.30. With that the iPath S&P 500 VIX Short-Term Futures Note (VXX) was unchanged at $47.03.
Share this article with your friends


Related Stories

VIX

Videocast: Heavy VIX call buying

October 24, 2014

Group One's Jamie Tyrrell says traders are buying November calls and futures in large size, quickly driving premiums higher.

VIX

VIX slips as big rally erases losses

October 24, 2014

Equity indexes rallied sharply yesterday, erasing the losses of the previous session and sending the CBOE Volatility Index lower.

VIX

Videocast: Protection gets cheaper

October 23, 2014

Although the volatility index is dropping with today's rally, Group One's Jamie Tyrrell says traders are buying VIX protection at lower premiums.

VIX

Volatility rises as equities pull back

October 23, 2014

The major equity indexes gave up ground yesterday, and the key volatility measures reacted by moving sharply higher.

VIX

Videocast: Quiet returning to VIX?

October 22, 2014

Group One's Jamie Tyrrell says the VIX fell 10 percent a day for three straight sessions, the first time that has ever occurred.

Premium Services

Free Webinars

Make Money in a Volatile Market

Education & Strategy

Vexed by the VIX

Many people probably don't know that the calculation changed for the CBOE Volatility Index this week, but it's worth discussing...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER