VIX up as equities hit more records
Chris McKhann | email@example.com
Equity indexes again pushed to new highs, though the CBOE Volatility Index and its futures were higher as well.
The S&P 500 was up 10.01 points to 1754.67, yet another record close. The SPX also hit a new intraday high of 1759.33 in the morning. It has support at 1700.
The Nasdaq 100 was up 5.75 points to close at 3366.93 after posting an intraday high of 3384.35. Those were both the index's highest levels in 13 years. It has support at 3250.
The Russell 2000 was up 3.15 points to 1115.63, also a new record high. The small-cap index also reached at a new intraday high of 1121.53. It has support at 1087.
(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 0.17 points to 13.33 after climbing to 13.92 in the morning. It remains in line with the 20-day historical volatility of the S&P 500.
The VIX futures were also mostly higher at the end of the day. The November and December futures were both up 0.05 points to close at 14.65 and 15.55 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.31 percent to $13 even.
Video: VIX traders sell premium
November 25, 2015
As activity slows the day before Thanksgiving, Group One's Jamie Tyrrell says traders are selling December 21 calls.
Video: Big call spreads in the VIX
November 24, 2015
After the VIX Weekly contracts settled at 16.56 this morning, Group One's Jamie Tyrrell says today's big trades are December and February call spreads.
Video: Complex January call play
November 23, 2015
As volume slows this Thanksgiving week, Group One's Jamie Tyrrel says the largest trade today is buying the January 19 calls and selling the January 24 and 26 calls.
Video: Will VIX hold at 16 level?
November 20, 2015
The spot volatility index is dropping below 16 today, but Group One's Jamie Tyrrell says one large put seller does not expect the VIX to go much lower.
Video: VIX call buying accelerates
November 19, 2015
Group One's Jamie Tyrrell says heavy VIX call buying continues to mount this week, with 96,000 December 27 contracts purchased today.