Learn the trade here. Make it on tradeMONSTER

Options Trading News

December 19, 2012  Wed 9:12 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The settlement for the December VIX futures and options came in unexpectedly high this morning at 16.69.

The volatility index is at 16.58, up 6.4 percent on the day, which is highly unusual because the S&P 500 opened unchanged and is now down only 2 points. The VIX and the SPX typically move in opposite proportions.

The January futures, now the front-month contracts, are up 0.25 points to 16.40 and are immediately below the spot VIX. The February futures are up by the same amount to 17.35.  

The December futures finished trading yesterday at 15.55, so it had a curiously big lift to settlement this morning with no action in the SPX. And the SPX options volume is light so far at just 185,000.

Remember that the futures settlement is based on trade prices of the SPX options this morning as opposed to the spot VIX, which is derived from the midpoint of the bid/ask spread.
Share this article with your friends


Related Stories

VIX

Videocast: Traders sell VIX calls

April 23, 2014

Group One's Jamie Tyrrell says traders are "selling the possibility of a big move" in the VIX in the next few weeks, led by a large sale of May 18 calls.

VIX

Stock indexes climb to key levels

April 23, 2014

Equity indexes extended their winning streak to six sessions yesterday, bringing them to key technical levels while pushing the CBOE Volatility Index lower.

VIX

Videocast: VIX sellers trump buyers

April 22, 2014

Group One's Jamie Tyrrell says sell orders have overwhelmed purchases, most notably a May 20/30 call spread sold 30,000 times.

VIX

Equities extend streak to 5 days

April 22, 2014

The CBOE Volatility Index slipped yesterday as equity indexes advanced again, extending their winning streak to five sessions.

VIX

Videocast: May VIX calls bought

April 21, 2014

Group One's Jamie Tyrrell says a large player who frequently buys VIX calls is now targeting the May 20 and 24 levels in the volatility index.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER