OptionsHouse

Options Trading News

September 21, 2012  Fri 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The CBOE Volatility Index closed slightly higher yesterday as the S&P 500 climbed at the end of the session to finish only fractionally lower.

The VIX ended the day up 0.19 points, or 1.4 percent, to 14.07 after climbing to 14.68 at the open and then sliding to its lowest level of the session right at the close. This came as the SPX recouped intraday losses and finished the session off less than 1 point at 1460.26. The two indexes usually move inversely.

The VIX futures were higher as well, outpacing the spot index. The October and November futures were both up 0.30 points, to 16.35 and 18 respectively. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) and the ProShares Trust Ultra VIX Short Fund (UVXY), which comprise those two front-month futures, posted new all-time lows yet again.

The VIX options traded 522,000 contracts, led by 395,000 calls. The VXX options changed hands about 256,000 times, with 160,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, held just below 89.
Share this article with your friends


Related Stories

VIX

Videocast: Big April VIX call buying

March 27, 2015

GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.

VIX

Videocast: VIX not showing panic

March 26, 2015

Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.

VIX

Videocast: April, August VIX calls

March 25, 2015

As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.

VIX

Videocast: Looking for higher volatility

March 24, 2015

Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.

VIX

Videocast: Buying April VIX calls

March 19, 2015

As the market pulls back from yesterday's rally, Group One's Jamie Tyrrell says traders are buying VIX April 22, 26, and 27 calls.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »