CBOE Volatility Index Settles At One-Year Low As Banks Kick Off Quarterly Earnings Season


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


US stocks closed higher on Friday, with the S&P 500 and Nasdaq closing at their strongest levels in a month, as banks kicked off the quarterly earnings season.

JPMorgan Chase & Co (NYSE:JPM) and Bank of America Corp (NYSE:BAC) reported better-than-expected earnings for the latest quarter on Friday.

Majority of the sectors on the S&P 500 closed on a positive note, with consumer discretionary and financials stocks recording the biggest surge on Friday. However, real estate and utilities stocks bucked the overall market trend, moving lower, during the session.

The Nasdaq 100 rose 0.71% to close at 11,541.48 on Friday, amid gains in shares of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL).

The S&P 500 rose 0.40%, while the Dow Jones gained 0.33% to 34,302.61 in the previous session. For the week, the S&P 500 added 2.7%, while the Dow gained 2%.

The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 2.6% to 18.35 points on Friday, settling at a one-year low.

What is CBOE Volatility Index?

The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.

Read Next: Around $8 Million Bet On Zymeworks? Check Out These 3 Stocks Insiders Are Buying


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: EarningsNewsPre-Market OutlookMarketsTrading IdeasCBOE Volatility Index