This Week in VIX and VXN – 4/27/2013

Both the S&P 500 and Nasdaq-100 were pretty strong last week rising 1.74% and 2.16% respectively.  The outperformance of the NDX can be attributed to everyone’s favorite trading stock Apple (AAPL – 417.20) which rebounded from recent weakness.  The VIX curve reacted to the bullish S&P 500 action in textbook fashion dropping in line with this sort of VIX weakness.  VXN was down as well, but is at a 2 point premium to VIX which is the higher end of that spread for 2013.

I noted in a blog yesterday that we had the unusual occurrence of both VIX and the S&P 500 closing higher for two consecutive days.  More about this rarity can be read at the link below –

http://www.cboeoptionshub.com/2013/04/26/4685/

VIX VXN