VIX Archives - Cboe Blogs

  • Market News | Technical Analysis & Charts | VIX | Education | Mar 27, 2015, 2:15 PM

    Weekly Market Commentary 3.27.15

    Weekly Market Commentary 3.27.15

    When $SPX broke down through the 2090 support level, that was a very negative sign, especially since stocks failed at the old highs.   There is now strong resistance at 2110-2120 (the February and March peaks), as well as at 2090 (again).  As for support, the initial support level will be 2040, the early March lows.  Below that, there is support at 1970-1990, which is the area of the December and January lows. Equity-only put-call ratios continue to remain on sell signals and are[...]

  • VIX | Blogging Options | Trader Talk | Mar 26, 2015, 12:00 PM

    CBOE Mid-Day Update 3.26.15

    CBOE Mid-Day Update 3.26.15

    Volatility as an asset class Accenture (ACN) is recently up $6.21 to $94.42 after the consulting company raised its growth target.  April weekly call option implied volatility is at 23, April is at 15, May is at 16, August is at 17; compared to its 26-week average of 19. Five Below (FIVE) is recently up $3.81 to $36.02 after the teen focused retailer reported Q4 profit rose 34% and plans to continue its rapid expansion. April call option implied volatility is at 36, May and August is at 35;[...]

  • Market News | Technical Analysis & Charts | VIX | Education | Mar 24, 2015, 2:00 PM

    Sentiment Tools: Taking the Temperature of the Market With the VIX, Part 1

    Sentiment Tools:  Taking the Temperature of the Market With the VIX, Part 1

    Random movements in the stock market are very tough to explain but if we can understand the role of sentiment, these moves make sense.  Remember, stocks move along the spectrum of fear and greed, a chart being an excellent portrayal of these emotions.  We can point to several sentiment-related indicators to get a pulse of market players, this is especially useful in the short run.  In part 1 of a series, we'll take a look at some of these and how they impact decisions and market movement. A[...]

  • VIX | Strategy | Mar 24, 2015, 9:05 AM

    SPX Weekly Bear Call Spread Analysis

    SPX Weekly Bear Call Spread Analysis

    I’ve seen several trades using RUT options to initiate out of the money credit spreads as of late. However, I just came across a pretty interesting one using SPX options. There was a seller of SPX Mar 27th 2140 Calls at 0.35 who also purchased the SPX Mar 27th 2150 Calls at 0.15 for a net credit of 0.20. As long as the S&P 500 is not over 2140 on the close this coming Friday the credit of 0.20 will result in a profit. The payoff diagram below shows the risk – reward of this trade[...]

  • Technical Analysis & Charts | VIX | Trader Talk | Education | Mar 23, 2015, 2:10 PM

    The Fed Gives A Boost - Weekly Market Outlook

    The Fed Gives A Boost - Weekly Market Outlook

    Thanks to a little help from the Federal Reserve on Wednesday, the market broke out of a three-week-old bearish rut, and in the process may have rekindled a bigger uptrend.  In fact, technically speaking, the uptrend is back underway. We'll handicap the market below.  First, let's run down last week's and this week's economic news. Economic Data There's little doubt as to last week's economic focal point... the release of the minutes from the most recent FOMC meeting. It was an interesting[...]

  • VIX | Blogging Options | Trader Talk | Mar 23, 2015, 11:58 AM

    CBOE Mid-Day Update 3.23.15

    CBOE Mid-Day Update 3.23.15

    Volatility as an asset class Pfizer (PFE) is recently up 95c to $35.22, fresh ten year high, after a Jefferies analyst wrote that the company's shares are poised to rise significantly over the next one to two years.  Overall option implied volatility of 16 compares to its 26-week average of 17. NVIDIA (NVDA) is recently down 65c to $22.02 on Goldman’s downgrade to Sell with a $20 price target. The firm believes the market under-appreciates the risk of the Intel (INTC) license not being[...]

  • VIX | Trader Talk | Futures | Mar 22, 2015, 8:56 AM

    The Week in VIX - 3/16 - 3/20

    The Week in VIX - 3/16 - 3/20

    Last week VIX experienced the second biggest week over week percentage drop for 2015. The largest move lower occurred the week before the three day Martin Luther King holiday weekend so that one may need to be given an asterisk.   However, VIX going back to the tweens last week should not be ignored as an indication of a new round of equity market complacency sinks in. Someone needs to tell that to the April VIX futures which remain at a pretty high premium (over 3 points) relative to the[...]

  • Market News | VIX | Trader Talk | Strategy | Mar 21, 2015, 2:48 PM

    The Week in Volatility Indexes and ETPs - 3/16 - 3/20

    The Week in Volatility Indexes and ETPs - 3/16 - 3/20

    I’m repeating the alteration I did last week to the term structure chart below. Instead of a week over week comparison I show the closing levels for VXST, VIX, VXV, and VXMT relative to the average levels in 2014. Note that near term volatility has thrown in the towel, but concern about a potential downturn for the equity market persists in the three and six month time frames.  Longer dated volatility is still elevated, despite dropping last week in sync with VXST and VIX. A 2.66% rally[...]

  • Market News | VIX | Trader Talk | Mar 20, 2015, 3:50 PM

    The Weekly Options News Roundup – 3/20/2015

    The Weekly Options News Roundup – 3/20/2015

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Gail Osten: A Life and Legacy It is with deepest regret that we share the passing of our friend and colleague, Gail Osten.  Gail was Director of Corporate Communications at CBOE the past seven years.  Her time at CBOE capped off a distinguished career in the exchange industry as described in the attached lead[...]

  • VIX | Blogging Options | Trader Talk | Mar 20, 2015, 12:00 PM

    CBOE Mid-Day Update 3.20.15

    CBOE Mid-Day Update 3.20.15

    Volatility as an asset class KB Home (KBH) is recently up 99c to $15.06 on better than expected Q1 results and sees sequential margin improvement in remaining 2015 quarters. April call option implied volatility is at 96, April is at 43, July is at 37; compared to its 26-week average of 35. Starbucks (SBUX) is recently up 43c to $98.17 after shares traded at fresh life high of $98.90. March weekly call option implied volatility is at 19, April is at 24, May is at 20, July is at 19; compared to its[...]

  • Technical Analysis & Charts | VIX | Education | Futures | Mar 20, 2015, 9:00 AM

    Weekly Market Commentary 3.20.15

    Weekly Market Commentary 3.20.15

    In figure 1, the support at 2040 and the resistance at the recent all-time highs of 2120 are marked as a trading range.  Until $SPX breaks out of that range, it really doesn't have a trend in place.  To support that conclusion, the indicators are somewhat mixed. Equity-only put-call ratios have remained on sell signals during this latest rally. Breadth hasn't been terrific during this rally, but it was strong enough to pull the "stocks only" oscillator into a mildly overbought[...]

  • VIX | Trader Talk | Mar 20, 2015, 8:04 AM

    Blogging Options: CBOE Morning Update 3.20.15

    Blogging Options: CBOE Morning Update 3.20.15

    Happy Triple Witch Friday.   Spring officially arrives right after the close today.  European debt talks have some optimistic, DAX up 1%.  Commodities flat, DRI up $2.50 on good Quarter.  For those following the NCAA tournament, Matt Moran from CBOE will post his "Volatility Bracketology" here at the CBOE Hub later this morning, it's a good one.  For those entering picks in an office pool, we heard that less than 0.1% of entrants had the first eight games picked[...]

  • VIX | Blogging Options | Trader Talk | Mar 18, 2015, 12:52 PM

    CBOE Mid-Day Update 3.18.15

    CBOE Mid-Day Update 3.18.15

    Volatility as an asset class Herbalife (HLF) is recently up $3.90 to $38.34 after winning dismissal of class action "pyramid scheme" lawsuit. March call option implied volatility is at 106, April is at 68, May is at 70; compared to its 26-week average of 65. General Mills (GIS) is recently down 45c to $51.60 after the food company's Q4 earnings beat estimates. March call option implied volatility of 24, April is at 17, July is at 16; compared to its 26-week average of 18 Navistar (NAV)[...]

  • VIX | Blogging Options | Trader Talk | Mar 18, 2015, 7:42 AM

    Blogging Options: CBOE Morning Update 3.18.15

    Blogging Options: CBOE Morning Update 3.18.15

    Traders patiently awaiting FED minutes and their wording early this afternoon.  FDX with good Quarterly numbers beating estimates by $0.13 but guided full year lower.   USD lower, 10-year 2.02%, overseas markets mixed on light data.  13K VIX Futures trade in early session this morning.  Volatility as an asset class: FedEx (FDX) is off $2.75 to $172.96 in the preopen on better than expected Q3 results, but sees FY15 EPS $8.80-$8.95 (consensus $8.96). March call option implied volatility[...]

  • VIX | Trader Talk | Education | Futures | Mar 17, 2015, 1:00 PM

    VIX March Settlement Reminder: Wednesday 3.18.15

    VIX March Settlement Reminder: Wednesday 3.18.15

    Settlement Reminder: Today, Tuesday, March 17th is the last trading day for March in the following: VIX, RVX, VXN, GVZ, OVX, VXEEM, VXEWZ, and VXTYN futures* and options. These contracts settle tomorrow, Wednesday morning, March 18th. PLEASE NOTE:  VIX options with an expiration date of March 18, 2015 will cease trading at 3:15 p.m. CT on Tuesday, March 17, 2015. These expiring options will NOT trade during the ETH session on Wednesday, March 18, 2015. * This is in contrast to VIX futures[...]