OptionsHouse

Options Trading News

October 31, 2012  Wed 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
As the markets return from their two-day closure, the S&P 500 is facing support just above the key 1400 level.

The SPX closed last Friday at 1411.94, down 1.03 points. It fell from the day's high going into the bell but finished well above the session low of 1403.28. Support remains at 1407 and resistance at 1440.

The Nasdaq 100 was higher by 8.18 points on Friday, closing at 2665.83. It followed a similar intraday pattern as the S&P 500 but held more of the gains into the bell. Support is at 2650 and resistance at 2715.

The Russell 2000 was down 3.57 points to finish at 813.25. Unlike the other two indexes, it reached its session high right after the open and was unable to recoup the subsequent losses. Support is at 807 and resistance at 846.

The CBOE Volatility Index also closed lower. It was down 0.31 points, or 1.71 percent to 17.81, climbing off its low into the close. It was above 18 for much of the day.
Share this article with your friends


Related Stories

SPX

Stocks rally on earnings before Fed

January 28, 2015

S&P 500 futures are up 0.4 percent, while strong earnings from Apple have lifted the Nasdaq 100 more than 1 percent. European indexes are modestly lower, and Asia was little-changed overnight.

SPX

Fed meeting, earnings top calendar

January 28, 2015

Economists expect the central bank to leave monetary policy unchanged, but it's not clear how traders will react to the statement.

SPX

Stocks fall sharply on poor earnings

January 27, 2015

S&P 500 futures are down 1 percent, while European indexes have fallen 1 to 2 percentage points. Asia was mixed overnight, with Tokyo gaining almost 2 percent and Mumbai up 1 percent.

SPX

Consumer confidence, Apple on tap

January 27, 2015

Durable-goods orders for December get the ball rolling, followed by the Case-Shiller index of home prices, new home sales, and consumer confidence data. Apple reports after the close.

SPX

Stock bulls look past Greek elections

January 26, 2015

S&P 500 is down less than 0.1 percent, but the Nasdaq 100 is slightly positive ahead of earnings from Microsoft and Apple. European indexes have also turned solidly higher.

Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »