Jun 23, 2014
Volatility Views 116: The Mystery of Gold
Volatility Review: VIX cash hovering below the
11 handle yet again and the narrative has shifted from "VIX is too
low" to "We may see a single digit VIX soon," which Andrew
predicted this not too long ago. Top OI Strikes: July 13 Put -
416K, July 16 Call - 385K, July 20 Call - 371K & Sep 19 Call -
261K. RVX: OI still hovering around 5K contracts.
Janet Yellen torpedoed a key catalyst for
market volatility, characterizing the recent inflation data as
"noisy". GVZ jumps 20% in one session. Oil volatility returns
on Iraq fears. Currency volatility plummets.
Volatility Voicemail: Listener questions and
- Question from J. Ingraham: loved the
discussion of GVZ on the network this week. I’m very intrigued by
this product. Like Mark said, GLD and VIX should be two great
tastes that taste great together. Yet this product does no
appreciable volume. I’ve tried to trade this several times but the
lack of volume and terrible spreads kept me out of it. Why do you
think GVZ has essentially failed as a trading product?
- Question from Cigar Store Indian: Great
show. Thanks for breaking down the problems with volatility ETFs
like VXX. I’ve dumped that product from my portfolio after
listening to your program. Thanks for helping me dodge a bullet on
that one. I also have a question about another ETF product GLD.
This product doesn’t seem to have the same issues with regards to
term structure. Am I correct in the estimation that this product is
safe to buy and hold in my portfolio for longer than a few
Crystal Ball: An outlook for VIX, RVX, VIX
ETPs and other volatility products.