VIX up slightly as stocks end day mixed
Chris McKhann | email@example.com
Equity indexes were mixed at the end of the day, pushing the CBOE Volatility Index back into positive territory.
The S&P 500 finished higher by just 0.01 point at 1578.79. It had oscillated between gains and losses before climbing to 1583 with about an hour left in the session. Resistance remains at 1597 and support at 1540.
The Nasdaq 100 slipped 1.25 points to close at 2834.12, in the middle of the day's range. Resistance is at 2864 and support at 2743.
The Russell 2000 gained another 4.75 points, or 0.51 percent, to close essentially at its session high at 934.11. Resistance is at 946 and support at 900.
The VIX was up 0.13 points, or 0.96 percent, to close at 13.61. The volatility index was down at 13.36 with an hour left of trade, its lowest level in more than a week.
The May and June VIX futures were both up 0.05 points to 14.60 and 15.45 respectively. This left the iPath S&P 500 VIX Short-Term Futures Note (VXX) up fractionally at $19.04.
The VIX options were fourth on yesterday's total option list with 475,000 contracts, 342,000 of which were calls. But the VVIX Index, which measures the implied volatility of those options, was down at 84.99.
VIX at highest level in 4 months
June 29, 2015
The CBOE Volatility Index is up 23.75 percent to 17.35 in midday trading, just off its intraday peak and its highest level since Feb. 11.
DRJ: Keep a close eye on volatility
June 29, 2015
As the Greek crisis intensifies, we are likely to see an explosion in volatility as widespread selling in European markets in turn pressures our indexes.
Video: Heavy July VIX call selling
June 24, 2015
After a steady stream of buying recently, Group One's Jamie Tyrrell says a trader sold 75,000 July 17 calls yesterday, and those levels are holding today.
Videocast: Cheap VIX call buying
June 23, 2015
With the volatility index down again today, Group One's Jamie Tyrrell says traders are buying July VIX calls but for much lower prices than last week.
Video: August insurance in VIX
June 22, 2015
After last week's heavy volume paused on Friday, Group One's Jamie Tyrrell says VIX call buying has resumed with traders focused on August.