Three weeks of CVOL—a wild ride

Redirected   Citigroup’s new volatility ETN, CVOL has only been trading since November 15th, but it is starting to show some intriguing results.   Designed as a 2X leveraged volatility offering, in a class of products that are already known for volatility, we can expect a wild ride.  So far it has lived up to its billing with a high of around 110, and a …

Read more

CVOL—the Other Volatility Kid on the Block

UPDATE CVOL was shutdown by UBS in May of 2016.  It never achieved enough assets for it to be a viable competitor     CVOL’s  stated goal is to “produce returns that are correlated to the CBOE Volatility Index (the “VIX Index”). ”   So far no one has figured out a way to offer a direct investment in the VIX Index, so volatility traders must …

Read more