VIX and More

If it seems thatrecently the NASDAQ-100 Index and the venerable Dow Jones Industrial Average (DJIA) are movingin almost mirror images of each other…that is because that is exactly what ishappening.
The graphic below,courtesy of ETFReplay.com, shows the10-day rolling correlation between the DIA ETF and the QQQ ETF over thecourse of the past twenty years.  Notethat the current correlation of 0.55 is not only extremely negative, but it ismore negative...

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-Term Futures ETN (VXX).  Today, we received some additional information from Barclays in conjunction with their...

Yesterday, the CBOE listed the first batch of SPX weekly optionswith a Tuesday expiration, starting with the April 26th and May 3rdexpirations.  Interest is strong, as halfway through today’s session, there were already more than 12,000 contracts traded...

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 market.  Initially, it was the +1x VXX that dominated the space, later supplanted by the +2x TVIX and then the -...