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Bill Luby: I might as well admit this up front: weekly options are one of my favorite innovations in many years and VXX weeklys have become one of my preferred trades during the past few months. 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
John Nyaradi: The VIX, as defined by Investopedia.com, is “the Chicago Board Options Exchange (CBOE) Volatility Index, which shows the market’s expectation of 30-day volatility.” The VIX is a continuous minute-by-minute snapshot of the expected market volatility in the S&P 500 during the next 30 Read more…
Keith Fitz-Gerald: Many investors are convinced the market is stacked against them. It is…. but not for the reasons you might think. Dismal returns actually have very little to do with super computers, research, insider information or access to the trading floor. Read more…
Bill Luby: Based upon some of the emails I have received this week, it appears that a number of readers have been focused on buying some of the inverse VIX ETPs, notably XIV and SVXY, when they saw the VIX spike. Some have preferred shorting VXX, TVIX and UVXY, based partly on availability, while others Read more…
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 September 2010, in VIX and Historical Volatility Settling Back into Normal Range, I presented an earlier version of the chart below to explain that in spite of the protestations of the time, the relationship between the VIX and historical volatility (a.k.a. realized volatility) was actually right in Read more…
Bill Luby: If you thought the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX) story was behind us, you might want to think again. Read more…
Bill Luby: Looking the history of the volume spikes in the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) is a lot like looking at the history of market sentiment, contrarian thinking and psychology. Read more…
Jared Cummans: As the ETF industry has rapidly expanded, so too have the options investors have for slicing and dicing markets. One of the most popular innovations in recent years has been the ability to access volatility through the exchange-traded structure; there are now multiple ETPs for gaining exposure Read more…
Bill Luby: The VIX closed at 15.59 today, just 0.03 points lower than the close of 15.62 on April 26, 2011, some eleven months ago. From a long-term perspective, not much has happened with the VIX, but for those who have ridden the volatility roller coaster up and down, the present time seems like an Read more…
Bill Luby: A reader asked earlier today: Can you explain to a newbie why iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) is down 1.05 today yet the April 20 calls are up .05? Read more…
John Townsend: My status as a shareholder of the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX) came to a disappointing conclusion this morning as I sold all my shares for $8.50. The loss sustained from my two purchases was just shy of 50%. Ouch, double ouch, triple ouch and a few Read more…
Bill Luby: One month and one day after Credit Suisse (NYSE:CS) announced the suspension of new creation units in the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX), the issuer announced today that it plans to reopen issuance of TVIX “on a limited basis” effective tomorrow. Read more…
Credit Suisse announced today that it plans to reopen issuance of the VelocityShares Daily 2x VIX Short-Term ETNs (NYSEARCA:TVIX) on a limited basis. The ETNs were temporarily suspended from Read more…
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