Huge combo in the S&P 500 pit. With the the index up 1.18 to 2041 and, at this rate, on track for its fifth consecutive session of moving less than 2 points for the day, the Feb 1860-2150 bearish risk-reversal on SPX is bought for $9.40, to open (hearing a possible account swap or maybe [...]
VIX spikes to session highs. The index is up 1.19 to 15.92 amid chatter about Russian troops moving towards the border with Ukraine (unconfirmed).
VIX is down .15 to 15 despite a modest loss in the S&P Thursday morning. On the options front, a Jan 20 – 27 call spread on the volatility index trades for 84 cents, 9120X. Looks like a buyer. 10000 traded so far.
Big prints in the mini-S&P 500 index. XSP is up 2 points to $198.16 after the S&P 500 added 20 ahead of tomorrow’s FOMC announcement. In afternoon options action today, an investor was apparently buying the Weekly (10/31) 194 – Dec 190 put spread on the index for $1.86, 11729X and also buying Jan 188 [...]
Big spread in the small cap index. With RUT up 22.40 to 1111.90, the expiring Weekly (10/24)1140-1160 call spread on the index is sold at a nickel, 25000X. The opening position is probably expressing the view index won’t recapture 1140 (2.5%) before the spread expires.
Active trading in the VIX pit continues, with more than a half million contracts traded through midday. Calls outpace puts nearly 3:1 and 85% of the flow is in the front-month November term. Some players are likely replacing positions that expired yesterday after the October settlement for VIX options (VRO) was 15.92. While that was [...]
VIX draws a three-way spread. The index is off 1.84 to 16.03, as the rollar coaster ride contines Thursday, and one investor is apparently selling 9000 Nov 14.5 puts on VIX at 43 cents to buy 9000 Nov 21 – 27 call spreads for 61 cents. The 3-way has traded 15000X today and, if opening, [...]
Busy day in the VIX pit on the last day to trade the October contract. 725,000 puts and calls traded on the index and nearly two-thirds (65%) of the flow is in the expiring October term. Indeed, the first half of October was a wild month with VIX jumping to multi-year highs north of 31 [...]
Wild ride drives record option volume. 32.5 million contracts traded today as the broad market sold off nearly 3% by 1:30PM ET and later regained much of the lost ground to end down 0.8%. Puts led calls nearly 5:4, the second highest P/C ratio of the year, following Mondays 1.4. Total premium trading today exceeded [...]
Another busy morning in the VIX pit with the index moving north of 28 for the first time since Dec 2011. The index is now up 4 points to 26.79 and 625K options contracts already traded on the index. Nearly three-quarters (465K) is on the call side of the options chain, being led by Oct [...]