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…
NYSE:TVIX, NYSE:VXX, NYSE:VXZ, NYSE:XIV, 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 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…
NYSE:SVXY, NYSE:TVIX, NYSE:UVXY, NYSE:VXX, NYSE:VXZ
Bill Luby: Whether or not I find it useful to flog the wounded horse otherwise known as the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX), it seems as if investors and the media insist that the wild and crazy story of this +2x VIX futures ETN remain on the front page for Read more…
NYSE:SVXY, NYSE:TVIX, NYSE:UVXY, NYSE:UVXY, NYSE:VXX, NYSE:XIV
Jared Cummans: As we kick off the final week of March, investors will have to dig for significant market-moving events in the coming trading days. Though the month has been packed with significant economic data, this week will be relatively slow save for a few U.S. reports. Fed Chairman Ben Bernanke spoke on Read more…
NYSE:TVIX, NYSE:VXX
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…
NYSE:TVIX, NYSE:VXX
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…
NYSE:TVIX
David Gillie: With the explosion of ETFs (Exchange Traded Funds) as trading mechanisms, it’s no wonder that ETFs would develop into the realms of the absurd. Read more…
NYSE:TVIX, NYSE:UVXY, NYSE:VXX
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…
NYSE:SVXY, NYSE:TVIX, NYSE:UVXY, NYSE:VXX, NYSE:VXZ
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…
NYSE:TVIX, NYSE:VXX, NYSE:VXZ
“A Credit Suisse Group AG security tracking the benchmark measure of U.S. options prices plunged to an all-time low, reversing ground after trading at a record premium to its underlying assets the last four days. The VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX), retreated 29 percent to Read more…
NYSE:TVIX, NYSE:VXX, NYSE:VXZ
Bill Luby: For a variety of reasons, investors seem unwilling to embrace the current rally and with each day the market rises, I see a scramble in the indicator forest to find some sort of proof that stocks are finally, inevitably going to correct…and soon. I need to give this phenomenon a name, Read more…
NYSE:TVIX, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:ZIV
Bill Luby: When the VIX recently slid below 20.00 for an extended period, I sensed a noticeable unease about the state of the market in many traders and investors. Clearly a sub-20 VIX was underestimating the risks in the current and future market environment, they thought. When the VIX dipped below Read more…
NYSE:TVIX, NYSE:VXX, NYSE:VXZ, NYSE:XIV, NYSE:ZIV
Bill Luby: Today is the eleventh trading day since Credit Suisse (NYSE:CS) announced a suspension of new creation units in the VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX) after the close of the regular trading session on February 21. Read more…
NYSE:TVIX, NYSE:UVXY, NYSE:VXX
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