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Tag Archives: SVXY

LJM Fund Closes Due to Vol Bet; Markets’ Derivatives Knowledge; ‘The Tail Grabbed the Dog’ Newsletter,Options

Observations & Insight The Spread – Week of 2/5 – 2/9 JohnLothianNews.com This is a bit of an early edition of our weekly options news recap as snow has blanketed Chicago and will continue to fall for the next few days. As another result of being Chicago-based, there is a built in affinity for the Bulls and the Bears. Well, bears are having more fun at the expense of bulls as a crazy trading week altered recent market norms. (This sports metaphor falls apart pretty quickly…) Watch the video and read the stories referenced here » ++++++ February Options Volumes…

Don’t hate the game, hate the players; Volatility investors – once bitten but not shy; Vol funds worked – that’s the problem Newsletter,Options

Observations & Insight The VIX Can’t Cause Vol – Cboe’s View on Volatility ETPs Spencer Doar – JLN As volatility began to surge in February, and then exploded on the fifth of the month, exchange traded products (ETPs) that shorted or provided inverse exposure to VIX futures came under fire. The two most popular, Credit Suisse’s VelocityShares Daily Inverse VIX Short-Term exchange traded note (ETN), ticker XIV, and ProShares’ VIX Short VIX Short-Term Futures exchange traded fund (ETF), ticker SVXY, were the main focus, as they suffered huge losses. Trading in them was halted and then Credit Suisse announced it…

The VIX Can’t Cause Vol – Cboe’s View on Volatility ETPs Blog,Commentary,Feature

As volatility began to surge in February, and then exploded on the fifth of the month, exchange traded products (ETPs) that shorted or provided inverse exposure to VIX futures came under fire. The two most popular, Credit Suisse’s VelocityShares Daily Inverse VIX Short-Term exchange traded note (ETN), ticker XIV, and ProShares’ VIX Short VIX Short-Term Futures exchange traded fund (ETF), ticker SVXY, were the main focus, as they suffered huge losses. Trading in them was halted and then Credit Suisse announced it would liquidate its note. Those two products, more than any other, put intense scrutiny on such volatility products…

Short volatility Waterloo; Hedging activity pop; VIX ETPs in all their glory Newsletter,Options

Observations & Insight Vol-cano Erupts – How’s Seth Golden Doing? Spencer Doar – JLN Last year there were a few stories that came across the desk regarding the juniorization of firms and how removing experienced senior personnel could present risks of its own. After all, if you came into the markets in the 2010s, how would you have experience with crazy drawdowns? (Myself included.) Maybe some are ahead of the curve and have at least seen Trading Places. Well, a lot of staff just gained some experience. The options and volatility stories of the day are intertwined and generally fall…

SEC “Abdicated Responsibility” Regarding OCC Capital Plan; tastytrade buys Seed Futures; Gundlach’s Options Bet Newsletter,Options

Observations & Insight Seed Futures Acquired by tastytrade GlobeNewswire Seed Futures LLC (“Seed Futures”) today announced that its business has been acquired by dough, Inc. (d/b/a tastytrade). jlne.ws/2vPldoL ****SD: This is a development worth following. The tastytrade/dough team and their new(ish) brokerage tastyworks continue to disrupt business. Seed Futures is a subsidiary of Seed CX, the SEF started two years ago (SEF designation came in August 2016) to initially trade forwards and options on industrial hemp products. Geared to all “emerging commodities,” as they phrase it, the exchange now has tradeable products like Hass avocados, organic soybeans and Persian limes….