Volatility trading is light after CBOE outage
Chris McKhann | [email protected]
The CBOE is back up after an outage closed trading for several hours today, but volumes remain light on the exchange.
The CBOE Volatility Index options, which trade exclusively on the exchange, have seen only 13,000 contracts turn over since operations resumed at 1 p.m. ET. Volume is thin on the S&P 500 Index options as well, with 63,000 contracts.
The VIX is down 0.42 points, or 3.09 percent, to 13.19 this afternoon. It was moving earlier but readings were suspect because of the outage, which lasted all morning.
The VIX futures were apparently unaffected by the disruption but are also seeing light volume. The May futures are down 0.20 points to 14.45, while the June futures are down 0.10 points to 15.30.
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.
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.
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.
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.
Videocast: Selling VIX calls at 16
April 20, 2015
With the market rebounding strongly today, Group One's Jamie Tyrrell says the big trade of the day is selling the VIX May 16 calls.