CBOE Volatility Index (.VIX) is up .09 to 21.46 and not far from session highs. VIX saw a spike at 10:00 after the latest home sales numbers fell well short of economist estimates. Sales declined by 11 percent to a record low annual rate of 309,000 in January, down from 348,000 in December and significantly worse than the 354,000 expected. Homebuilders (XHB) buckled on the news and trading has turned mixed. About 300 S&P 500 stocks are above water, 185 lower, and the SPX is up two points. Meanwhile, trading in the VIX pits is quiet. The top trade is a buyer of 1000 April 24 puts at $2.85. 8000 calls and 1700 puts traded on the volatility index so far.

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6 users commented on " CBOE Volatility Index (.VIX) $21.55 +0.84% "
Follow-up comment rss or Leave a Trackback$HBC & AIG’s debt moving (albeit slowly) through some resistance. Think there might be some short covering on fun-ancial rule changes…but a lot is still up in the air.
Will be interesting to see how the week turns out.
$X news just hit Fred.
Sur-charge to China……
$STD hard u-turn….wow wow
Congressman is accusing Bernanke of “bailing out Greece for all we know”.
WOW…..entertainment!
Thanks Rainman. Maybe they could spend less time on Greece and more time on the US. Man, that housing report was horrible.
Weird ….the rally happened irregardless. Guess they figure the fed isn’t going anywhere.
My VIX front month was cut in 1/2 basically, but ended the day up the usual 1-2% since I’m usually hedged anyway.
My $CME calls were CRANKIN!
Maybe some of my other “stuff” will recover now if Obama doesn’t say “We want our money back” on TV again..and stop visiting your friend Dolly and visit more people in China Obama!