U.S. Markets closed

Indexes bounce late to finish higher

Chris McKhann (chris.mckhann@optionmonster.com)

The major equity indexes climbed into positive territory by the end of yesterday's session, driving the CBOE Volatility Index lower.

The S&P 500 was up 4.22 points to 1412.97. The SPX jumped above 1420 right after the open, then fell to a session low under 1406 before rebounding into the close. Resistance is still at 1440 with support at 1407.

The Nasdaq 100 finished the day at 2657.66, up just 2.11 points. It too surged at the open, reaching 2680 before falling below 2650 and finishing a bit higher. Resistance and support are at 2715 and 2650 respectively.

The Russell 2000 closed at 816.82, up 3.17 points, following a pattern similar to that of the other two indexes. Resistance is still at 846 and support at 807.

The VIX was down 0.21 points to close at 18.12. The November futures declined more than twice that amount, losing 0.50 points to end 18.25. The December futures fell 0.20 points to 18.90.

More than 658,000 VIX options traded, dominated by 553,000 calls. The SPX options turned over 557,000 contracts, with a put/call ratio of 2 to 1. The VVIX Index, which measures the implied volatility of the VIX options, was down 4.7 percent to 91.86.

More From optionMONSTER