VIX up even as stocks hit new highs
Chris McKhann | firstname.lastname@example.org
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: June VIX calls bought again
May 27, 2015
Even though the market has reversed course with today's rally, Group One's Jamie Tyrrell says traders are buying VIX June 18 calls for the second session in a row.
Video: Volatility measures jump
May 26, 2015
Group One's Jamie Tyrell says traders are buying June and July VIX calls with the spot index up 15 percent and the nine-day CBOE Short-Term Volatility Index (VXST) spiking 40 percent.
Video: Huge June VIX call buy
May 22, 2015
Group One's Jamie Tyrrell says one large player purchased 140,000 July 18 calls in the VIX, adding to heavy upside buying earlier in the week.
Video: Heavy June VIX call action
May 21, 2015
A day after the May VIX contracts settled at 12.80, Group One's Jamie Tyrrell says 250,000 June calls changed hands.
Video: VIX June 17-18 call action
May 20, 2015
Following this morning's May contract settlement, Group One's Dominic Savino says traders are now targeting the VIX June 17 and 18 calls.