Volatility rebounds as equities slip
Chris McKhann | email@example.com
Equity indexes lost a bit of ground yesterday, ending their recent winning streak and driving the CBOE Volatility Index higher.
The S&P 500 was down 6.24 points to 1676.26. It dipped below 1672 at midday and then bounced around from there. The index's intraday high of 1687 may continue to be resistance, while support is at 1629.
The Nasdaq 100 fell just over 2 points to 3077.46, right in the middle of the day's range. It has resistance at 3170 and support at 3000.
The Russell 2000 lost 4.55 points to finish up at 1038.75. It has resistance at 1085 and support at 1018.
The VIX added 0.63 points, or 4.57 percent, to close at 14.42. Its session high of 14.56 came about 30 minutes before the bell.
The VIX futures followed suit. July futures, which settle this morning, rose 0.20 points to finish at 14.25. The August VIX futures gained 0.45 points to close at 16.20. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 2.59 percent to $17.41.
VIX at highest level in 4 months
June 29, 2015
The CBOE Volatility Index is up 23.75 percent to 17.35 in midday trading, just off its intraday peak and its highest level since Feb. 11.
DRJ: Keep a close eye on volatility
June 29, 2015
As the Greek crisis intensifies, we are likely to see an explosion in volatility as widespread selling in European markets in turn pressures our indexes.
Video: Heavy July VIX call selling
June 24, 2015
After a steady stream of buying recently, Group One's Jamie Tyrrell says a trader sold 75,000 July 17 calls yesterday, and those levels are holding today.
Videocast: Cheap VIX call buying
June 23, 2015
With the volatility index down again today, Group One's Jamie Tyrrell says traders are buying July VIX calls but for much lower prices than last week.
Video: August insurance in VIX
June 22, 2015
After last week's heavy volume paused on Friday, Group One's Jamie Tyrrell says VIX call buying has resumed with traders focused on August.