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.
Videocast: Traders see floor in VIX
March 2, 2015
Group One's Jamie Tyrrell says traders are selling March VIX puts, apparently believing that further downside potential in the volatility index is limited.
Videocast: VIX 'cash spread' hedge
February 27, 2015
Group One's Mike Palmer explains the strategy behind a VIX "cash spread" as traders cover positions going into the weekend.
Videocast: Futures see higher VIX
February 26, 2015
Although the spot volatility index remains below 14, Group One's Dominic Savino says the March VIX futures are targeting the 16 level.
Videocast: Low short-term volatility
February 25, 2015
Although a big player is buying VIX March 23 calls, Group One's Mike Palmer says the iPath S&P 500 VIX Short-Term Futures Note (VXX) settled today near 11.
Videocast: VIX falls as Yellen talks
February 24, 2015
Group One's Mike Palmer says traders are betting on lower volatility amid speculation that the Federal Reserve will not hike interest rates before the end of the year.