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Jared Levy: My first lesson in the stock market had nothing to do with stocks at all. My mentor sat me down, looked me in the eye and said, “As long as you can understand human emotion and math, you’ll make a great option trader.” Read more…
Jim Fink: Because VIX calls are based on VIX futures instead of the more volatile “spot” VIX, in the past I suggested that it would be easier to hedge a portfolio against a “black swan” stock market decline using S&P 500 puts–either the cash-settled SPX index puts or the equity-settled SPY ETF puts. Read more…
NYSE:SPY, NYSE:TVIX, NYSE:TVIZ, NYSE:VQT, NYSE:VXX, NYSE:VXZ, NYSE:XVZ
Bill Luby: It was only a week ago that I discussed the performance of 31 VIX and volatility-based exchange-traded products in VIX ETP Returns for Q1 2012 and barely a month ago that I examined in some detail the workings of two VIX ETPs, VQT and XVZ, in Dynamic VIX ETPs as Long-Term Hedges. Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:VQT, NYSE:VXX, NYSE:VXZ, NYSE:XVZ
Bill Luby: Back in my consulting days, I convinced myself that there were rare instances when an ugly chart crammed full of data should take precedence over a clean and simple graphic that focused on the key takeaways. For my purposes at least, the graphic below, while unlikely to garner accolades from the likes of Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:UVXY, NYSE:VQT, NYSE:VXX, NYSE:XIV, NYSE:XVIX, NYSE:XVZ, NYSE:ZIV
Andy Crowder: Many professional options traders don’t really care about options prices or volume. They only care about volatility. That’s because volatility is the single biggest factor for any given options contract. Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:VQT, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:ZIV
David Gillie: The Volatility Index (VIX) is a measure of options activity on the S&P 500—frequently referred to as the “fear index” Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:ZIV
[The following first appeared in the December 2010 edition of Expiring Monthly: The Option Traders Journal. I thought I would share it partly because I have an article, “Synthetic Seasonal VIX-VXX Arb,” which appears in the just published January 2012 issue of Expiring Monthly that Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:VQT, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:ZIV
Bill Luby: The year is not quite over, but I can safely predict that it when it is in the books, there will be no doubt that 2011 has been a bull market for VIX exchange-traded products (ETPs). After seeing two VIX ETPs launched in 2009 and ten in 2010, this year has witnessed the launch of 20 VIX ETPs. Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:VQT, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:ZIV
For the second time this year, an exchange-traded note will be redeemed by the issuing institution after the intraday indicative value declined to less than $10. According to a press release from Barclays, the iPath Long Enhanced S&P 500 VIX ETN’s (NYSE:VZZ) IIV dipped below the $10 level Read more…
Nick Cherney, CFA is the CIO and co-founder of VelocityShares LLC, the index company behind many of the exchange-traded products that offer exposure to volatility. Nick recently took time Read more…
NYSE:TVIX, NYSE:TVIZ, NYSE:VIXM, NYSE:VIXY, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:XVIX
The impressive ETF boom that has unfolded over the last several years has been the result of a number of attractive features of the exchange-traded structure relative to traditional mutual funds. Read more…
NYSE:CVOL, NYSE:TVIX, NYSE:TVIZ, NYSE:VIIX, NYSE:VIIZ, NYSE:VQT, NYSE:VXX, NYSE:VXZ, NYSE:VZZ, NYSE:XIV, NYSE:XVIX, NYSE:XXV, NYSE:ZIV
VelocityShares LLC, a new exchange-traded product sponsor, introduced six new exchange-traded notes (ETNs) today (November 30, 2010). Issued by Credit Suisse, these unsecured notes offer Read more…
FUND LAUNCH, NYSE:CVOL, NYSE:TVIX, NYSE:TVIZ, NYSE:VIIX, NYSE:VIIZ, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:XXV, NYSE:ZIV
VelocityShares has filed paperwork with the SEC for six new ETNS linked to the S&P 500 VIX Short-Term Futures™ Index due December 4, 2030 (the “Inverse VIX Short Term ETNs”), the 
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