The VIXs of Christmas Past

One of the persistent characteristics of the CBOE‘s VIX® index is the Christmas Effect—the tendency for VIX to drop down to relatively low levels during the Christmas holidays.  The CBOE’s VIX volatility December futures predict this drop for months in advance, and it has come to pass again this year.   I am aware of at least three possible explanations for this: Option market makers and others …

Read moreThe VIXs of Christmas Past

How Does Barclays’ XVZ ETN Work?

Barclays’ XVZ volatility ETN is intended to allow investors to profit from volatility jumps without the contango losses that drag down approaches like Barclays’ VXX short term and VXZ medium term long only products.   To accomplish this XVZ switches between 11 different mixes of short term and medium term positions in volatility futures.  In volatile times there can be a different setting every day. The …

Read moreHow Does Barclays’ XVZ ETN Work?

Review of StreetSmart Edge

Review Streetsmart Edge (SSE) can be launched/downloaded from the  Schwab website.  Schwab has made StreetSmart Edge available to all account holders.  A call to their helpline (800-435-9050) is required to set it up.   If you want to run SSE on an underpowered computer, are having performance problems, or want to run on a Mac check out the cloud version of SSE, see this post for …

Read moreReview of StreetSmart Edge

Review of Fidelity’s Active Trader Pro

My observations on Fidelity’s  Active Trader Pro® (10.7) The comments below related to the downloaded version of Active Trader Pro. Highlighted Functionality Active Trader Pro’s ability to export charts (including intraday data) for both regular securities and options is very helpful for doing analysis Quotes/Tracking for various volatility indexes (e.g., .VIX9D, .VIX3M, .VVIX, .VIF, etc.) has been added Greeks on VIX options are much better. …

Read moreReview of Fidelity’s Active Trader Pro

Volatility Tickers

I have collected what I believe is all the active tradable volatility ETNs / ETFs in the US markets together in this list.  For my opinion on these see Volatility Funds Categorized and Ranked. My count of volatility US-based ETPs is at 12 as of April 12th, 2020 Funds on death watch: Barclays’ VQT is set to mature on September 8th, 2020.  They have not announced …

Read moreVolatility Tickers