Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 13, 2013  Wed 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The CBOE Volatility Index rose yesterday as major stock indexes fell, ending a seven-day winning streak for the S&P 500.

The SPX was down 3.74 points to close at 1552.48. It was briefly positive in the morning and below 1549 with 90 minutes left to trade before finishing in the middle of that range. Support is at 1525 and resistance at 1565.

The Nasdaq 100 dropped 11 points to close at 2800.80. The NDX was in the red all day, hitting its session low of 2788 before noon. Resistance is at 2846 and support at 2760.

The Russell 2000 fell 2.25 points to close at 940.26. The small-cap index hit 942.75 in the morning, a new intraday high. It has support at 918.

The VIX climbed 0.71 points, or 6.14 percent, to 12.27 as it rebounded from Monday's six-year low. It had been as high as 12.93 yesterday when the SPX was at its session low. The two indexes usually move inversely.

The VIX futures followed higher. The March contracts, which have a week left to trade, gained 0.25 points to finish the day at 13.25. The April futures rose by the same margin to close at 14.70. This pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.2 percent to 20.98.

The VIX options turned over 460,000 contracts, with 292,000 calls. The VVIX Index, which measures the implied volatility of those options, suggests that this was largely buying as it gained 3.45 percent to 79.99. More than 373,000 VXX options traded, 209,000 of which were puts. 
Share this article with your friends


Related Stories

VIX

Videocast: VIX pits quiet down

August 29, 2014

Despite persistent geopolitical issues, Group One's Jamie Tyrrell says volatility trading is slow ahead of the three-way weekend.

VIX

VIX above 12 as equities rebound

August 29, 2014

Equity indexes finished yesterday lower but regained much of the ground lost early in the session. The CBOE Volatility Index rose back above the 12 level but was well off its high of the day.

VIX

Videocast: Big buyer in VIX puts

August 28, 2014

As the market cuts its early losses, Group One's Jamie Tyrrell says the big VIX trade of the day is a purchase of September puts.

VIX

S&P 500 ekes out new record high

August 28, 2014

Equity indexes closed almost unchanged on light volume and low volatility yesterday, but the S&P 500 was able to eke out a new closing high.

VIX

Videocast: Low volume in VIX pits

August 27, 2014

Group One's Jamie Tyrrell says volume is low in the VIX pits as one large player appears to done buying upside calls.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER