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S&P 500 VIX May '24 (VIK24)

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S&P 500 VIX Futures Market News and Commentary

Stocks Shake off Mostly Negative News to Close Mildly Higher

The S&P 500 Index ($SPX) (SPY) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.26%. 

US stocks on Friday gained support from chip stocks and generally positive Q1 earnings results.  Q1 earnings are expected to climb +6.5% y/y, well above the pre-earnings season estimate of +3.8%.  According to data compiled by Bloomberg Intelligence, about 81% of reporting S&P 500 companies have beaten Q1 earnings estimates. 

Stocks were undercut Friday by higher T-note yields and a disappointing consumer sentiment report that showed both weaker consumer sentiment and higher inflation expectations. 

The University of Michigan’s preliminary-May US consumer sentiment index fell -9.8 points to a 6-month low of 67.4, which was weaker than market expectations for a -1.0 point decline to 76.2.

Also, US consumers’ inflation expectations rose.  The University of Michigan’s May US 1-year inflation expectatio... Read more

Contract Specifications

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Contract
CBOE Volatilty Index VIX Futures
Contract Size
$1000 times Index
Tick Size
0.05 points ($50.00 per contract)
Trading Hours
5:00p.m. - 3:15p.m. (Sun) and 3:30p.m. - 3:15p.m. (Mon-Thur) (Settles 3:30p.m.) CST
Exchange
CFE
Point Value
$1,000
Margin/Maintenance
$6,094/5,540
First Notice Date
05/22/24 (10 days)
Expiration Date
05/22/24 (10 days)

Seasonal Chart

S&P 500 VIX May '24
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
171,486 (+18,674)
129,977 (+5,594)
Non-Commercials - Long / Short
98,258 (+6,603)
137,137 (+23,049)
Dealers / Intermediary - Long / Short
54,007 (+8,953)
35,332 (+32)
Asset / Manager - Long / Short
58,634 (-10,605)
81,493 (+17,549)
Leveraged Funds - Long / Short
81,900 (+16,620)
89,791 (+4,281)
Other Reportables - Long / Short
15,451 (+3,630)
746 (+102)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
13.5400 +0.08%
on 05/10/24
19.7000 -31.21%
on 04/19/24
-2.6016 (-16.11%)
since 04/10/24
3-Month
13.5400 +0.08%
on 05/10/24
19.7000 -31.21%
on 04/19/24
-2.5000 (-15.58%)
since 02/09/24

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 14.0974
2nd Resistance Point 13.9837
1st Resistance Point 13.7674
Last Price 13.5511s
1st Support Level 13.4374
2nd Support Level 13.3237
3rd Support Level 13.1074

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52-Week High 22.5800
Fibonacci 61.8% 19.1267
Fibonacci 50% 18.0600
Fibonacci 38.2% 16.9933
Last Price 13.5511s
52-Week Low 13.5400

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