VIX and More

Tuesday, June 25, 2024

QQQs and DJIA Correlation Turns Strongly Negative

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If it seems that recently the NASDAQ-100 Index and the venerable Dow Jones Industrial Average ( DJIA ) are moving in almost mirror images of...
Thursday, April 28, 2022

The Latest on VXX and Additional Creation Unit Suspensions by Barclays

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It has been 1 ½ months since Barclays announced the suspension of new creation units in the popular iPath Series B S&P 500® VIX Short-T...
Tuesday, April 19, 2022

SPX Weekly Options Will Soon Be Available with Expirations Every Day of the Week

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Yesterday, the CBOE listed the first batch of SPX weekly options with a Tuesday expiration, starting with the April 26 th and May 3 rd ex...
Thursday, April 14, 2022

UVXY Dominates VIX ETPs By Dollar-Weighted Volume

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At various times in the 13-year history of VIX ETPs there have been as many of 30+ different versions of these VIX-based products on the m...
Monday, April 4, 2022

VIX ETPs – What Can Go Wrong?

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For many years, I’ve had a tagline at the bottom of my email: “In volatility there is opportunity!”  The tagline is a reminder that when thi...
Wednesday, March 30, 2022

Successful Launch for SVIX and UVIX

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Today was the first launch of a VIX ETP in six years, at least by my count.  It appears to be worth the wait, as SVIX (Volatility Shares -...
Tuesday, March 29, 2022

UVIX and SVIX Join the VIX-Based ETP Landscape

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Tomorrow will see first launch in the VIX ETP space since…well I’m not sure exactly, but I’m guessing the May 2016 launch of the now defunc...

VXX Premium to Indicative Value Falls Slightly to 26%

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It has been two weeks since Barclays surprised volatility investors by announcing the suspension of new creation units in the popular iPath...
Monday, March 28, 2022

Point Hedges ETP Performance During Invasion of Ukraine

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On Friday in Flight-to-Safety ETP Performance During Invasion of Ukraine , I reviewed the performance of some of the traditional flight-to-s...
Friday, March 25, 2022

Flight-to-Safety ETP Performance During Invasion of Ukraine

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Russia invaded Ukraine a little over a month ago, creating turmoil and panic in stocks and across a wide variety of asset classes and inst...
Wednesday, March 23, 2022

VIX Teasing Seven Down Days in a Row, with Interesting Performance Implications

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The VIX has been down six days in a row and is currently up a few pennies. Assuming the VIX closes down again today (a fascinating thought i...
Tuesday, March 22, 2022

VXX Upside vs. Downside Risk with No New Creation Units

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One week ago, Barclays announced the suspension of issuance of new creation units as well as sales from inventory for two of its ETNs: the ...
Tuesday, March 15, 2022

Barclays Suspends Creation Units for VXX

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 Earlier today, Barclays announced the suspension of issuance of new creation units as well as sales from inventory for two of its ETNs: th...
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About Me

Former Chief Investment Officer at Luby Asset Management LLC in Tiburon, California. Previously worked as a full-time trader/investor and also a business strategy consultant. Education includes a BA from Stanford and an MBA from Carnegie Mellon. Useless trivia: I once broke the world pogo stick jumping record without knowing it.
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