VIX up even as stocks hit new highs
Chris McKhann | email@example.com
The equity indexes were mixed yesterday, though the S&P 500 and the Russell 200 hit all-time highs once again. Interestingly, the CBOE Volatility Index was also higher.
The S&P 500 gained 8.46 points to close at 1625.96, yet another new all time high. That was just off the intraday high that came an hour before the close. There was some volatility after the open, but then it climbed to those highs. Support is 1582.
The Nasdaq 100 was down 2.5 points to close out the session at 2952.88. It set an intraday high above 2961 just after the open. Support is 2854.
The Russell 2000 gained 8.02 points to finish at 967.82, a new high for that index as well. The RUT was up all day and finished at its session high. It has support at 933.
The VIX, which usually moves inversely to the S&P 500, bucked that trend yesterday. The volatility index rose 0.17 points, or 1.34 percent, to 12.83. It remains 16 percent above its 52-week low even as the SPX continues to hit new highs.
Video: Call buyers ride pop in VIX
July 27, 2015
With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.
Video: Steady buying in VIX calls
July 24, 2015
With the market down again today, Group One's Jamie Tyrrell says traders are snapping up calls in August, September, and October.
Video: August VIX calls pick up
July 23, 2015
Group One's Jamie Tyrrell says traders are buying VIX calls again today, with the largest purchase in the August 18 contracts.
Videocast: July VIX settles at 12.82
July 22, 2015
With this morning's July expiration out of the way, Group One's Jamie Tyrrell says traders are buying the VIX August 18 and 22 calls.
Videocast: 'Mind the gap' in VIX
July 21, 2015
Group One's Jamie Tyrrell says the gap between VIX options and futures is closing ahead of tomorrow's July settlement, with contracts converging above the 12.50 level.