Options on 1.5X and 0.5X Inverse Volatility

If things weren’t derivative enough for you before, you can add one more level of indirection to your volatility investments. Options are available on ProShares‘ 1.5X VIX short-term UVXY and their -0.5X inverse short-term SVXY.   These options are similar to VXX’s options; they are American exercise style and expire on the same day as equity options.  VIX options are European exercise and expire on the same …

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