Options now available on volatility ETNs VIXY & VIXM

ProShares’ competitors to Barclays’ VXX and VXZ now have options available on them. With VIXY’s and VIXM’s average daily volumes of 50K and 10K respectively it seems premature, but I guess if you are going to compete with the market leader you need all the pieces. It will be interesting to see how wide the bid/ask spreads will be on these options. NEW OPTIONS CLASSES …

Read moreOptions now available on volatility ETNs VIXY & VIXM

And then there were 15

January 4th ProShares plans to offer two new volatility products: VIXY  ProShares VIX Short-Term Futures ETF— a VXX clone VIXM ProShares VIX Mid-Term Futures ETF—a VXZ clone This Morningstar article provides more information.   Right now I don’t see much that these new funds have to recommend themselves over the 13 funds that preceded them.  Their liquidity and spreads will be poor at first, and …

Read moreAnd then there were 15