For a long time investors have been frustrated in their desire to directly invest in the VIX index. Now three ETNs, one by design, and the two other perhaps by accident are tracking (or out-performing) the VIX index on both a daily percentage move basis and for multi-day holding times. Historically the daily percentage moves of short term (1/2 month) volatility ETNs like VXX tend …
I opened a S122/S123 spread today with SPY calls this morning for a net credit of 0.44. Right now I think there is more downside risk than up, and if I’m wrong and the market rallies my long XIV position will more than make up for my 0.56 worst case loss. Initially I put in my order as AON (all or none) at …
The termination of IVO left a hole in Barclays’ inverse volatility ETN lineup. It still has XXV, but its leverage is only around 0.25 right now, so they needed a higher leverage solution that can compete with the likes of UBS’ AAVX, or VelocityShares‘ XIV—which always give 1X daily leverage. IVOP had an inception date of September 16th, 2011 with an initial value of …
SPY went ex-dividend Friday September 16th, 2011. Its payout will be $0.6249 per share on October 31st. The table below summarizes third quarter dividend information for SPY, IVV, and VOO—the three biggest S&P 500 index ETFs. SYMBOL Next Ex-dividend Next Pay date Last Dividend Dividend SPY 16-Sept-2011 31-Oct-2011 $0.6276 $0.6249 IVV 26-Sept-2011 30-Sept-2011 $0.605 $0.60 (est) VOO 26-Sept-2011 (est) 30-Sept-2011 (est) $0.285 $0.285 (est) For …
I opened a 179/180 spread in GLD for a net credit of 0.20 for calls expiring this week. I’m betting there is enough downward pressure on gold to keep GLD below 179 for the week. . . .. . . . . Chart from Schwab StreetSmart Edge
