Well-timed Call Buyer Hits VIX Options

| January 24, 2013 | 0 Comments More

CBOE Volatility Index (.VIX) is finally showing signs of life after the S&P 500 made a stab at the 1500 level, but faltered after hitting 1502.27 and dropped more than 10 points from its best levels. VIX is up .88 to 13.34 and one player paid 50 cents, then 52.5 cents, then 55 cents for up to 60,000 Feb 16 calls on the index. More than 120K now traded, making it today’s most actively traded contract, against 95,972 in open interest. The market is now 60 to 70 cents.

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Category: All Indexes

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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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