OptionsHouse

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: VIX call buying returns

April 27, 2015

Group One's Jamie Tyrrell says upside VIX buyers are back after taking a break last week, today opening a May 16/21 call spread 32,000 times.

VIX

Videocast: VIX premiums fall more

April 24, 2015

As the market continues its rally today, Group One's Jamie Tyrrell says demand for upside VIX contracts falls off the cliff.

VIX

Videocast: Cheap protection in VIX

April 23, 2015

With the spot VIX and its futures falling today, Group One's Jamie Tyrrell says traders are coming back to buy protection with premiums low.

VIX

Videocast: May call selling in VIX

April 22, 2015

Group One's Jamie Tyrrell says a big player who bought more than 100,000 May calls recently is starting to let go of those options.

VIX

Videocast: Surge in May VIX calls

April 21, 2015

Group One's Jamie Tyrrell says a major volatility trader is back accumulating VIX calls in the May 20 and 21 strikes.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »