The 2023 Ex-Dividend and Pay Date information below is based on my estimates. I was not able to find official information from PIMCO for 2023. Monthly Paying Funds 2023 Ex-Dividend Dates (estimates) 1-Feb 1-Mar 3-Apr 1-May 1-June 3-Jul 1-Aug 1-Sept 2-Oct 1-Nov 1-Dec 12-Dec (cap gains) 29-Dec Pay / Distribution Dates (estimates) 6-Feb 6-Mar 6-Apr 4-May 5-June 7-July 4-Aug 7-Sept 6-Oct 6-Nov 6-Dec 15-Dec (cap …
This post was 1st published August, 2012. In addition to the well-known VIX index, the CBOE also publishes the VXV index. It’s computed just like VIX, except that it gauges the implied volatility of SPX options 3 months out, rather than just one month. The chart below shows the 10-year history of these two indexes. < Recently I posted on how the medium term time structure …
Recently I finished reading a book on options that doesn’t explain the basics of calls and puts. The Greeks are on almost every page, but never defined, and it’s assumed that the reader already knows options strategies and acronyms (e.g., butterflies, condors, ratio spreads, ATM, OTM). Clearly the “The Option Trader’s Hedge Fund” is not for beginners. It targets serious traders that know the basics and …
In their fifteen year history, which includes the 2008/2009 financial meltdown, a grand total of three Exchange Traded Notes (ETNs) have gone bust due to credit default—all 3 were issued by Lehmann Brothers. The total loss to investors was less than $15 million. This article on ETF.com gives the detailed story. How many public companies have gone bankrupt, rendering their stock worthless, in the last …
In the past you could invest in mid-term volatility, four to seven months out, without worrying too much about the erosive effects of contango. That’s not the case anymore. Strategies that hold long/short positions in mid-term and short term VIX futures as well as ETPs that hold mid-termVIX futures such as Barclays’ VXZ and XVZ and ProShare’s VIXM are getting dragged down. Most of …
