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VIX gains as stocks end week mixed

Chris McKhann (chris.mckhann@optionmonster.com)

Stocks ended last week mixed while the CBOE Volatility Index finished just off Friday's highs.

The S&P 500 fell 4.25 points to close at 1428.59. It hit the low for the week just before noon as it lost ground each day of the week except for the Thursday, when it was essentially unchanged. Resistance is now at 1450 and support at 1418.

The Nasdaq 100 was higher, but by less than 1 point, to close the week at 2720.14. It lost ground all the previous days of the week. Resistance is now at 2780 and support at 2660.

The Russell 2000 ended at 823.09, hitting its lowest close since Sept. 5 as it gave up 6.70 points for the biggest percentage loss of the three indexes. Resistance is now at 846 and support at 808.

The VIX was up 0.55 points, or 3.5 percent, to 16.14. It slipped to 14.96 in the morning, the lowest level of the week, and finished just off the day's high.

The VIX futures were higher was well. The October contracts were up 0.40 points to 16.60, and the November futures gained 0.45 points to 18 even.

More than 768,000 SPX options traded, with a put/call ratio of 2 to 1. The VIX options turned over 445,000 times, with 291,000 calls. The VVIX Index, which measures the implied volatility of the VIX options, gained 1.25 percent to finish at 91.87.

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