24000 VXX Sep 04 Weekly puts went up in 1 block on the CBOE. ??
Shares of the iPath S&P 500 VIX Short Term ETN (VXX) are up 1.45 to 26.14 today. ?VXX is near the top end of the 52 week range.
- Paper traded 24000 VXX Sep 20 04 Weekly puts for .06. ?
- The ADV is 348k contracts.?
- The OI is 4347 contracts.
The volume went up in 1 block on the CBOE. ??Total volume is over 30k contracts as traders buy these puts in large block.? In this case the investor is making a cheap bet that volatility in the market drops very hard into next week?s expiration.? VIX futures would have to get to 20% for these puts to kick in.
- IV 30 is trading for 117%.?
- HV10 is trading for 128%.?
- IV 30 is trading above the HV 10.
The Ipath S&P 500 VIX Short Term Future ETN (VXX) tracks the two near term VIX futures maintaining a 30 day duration mix of futures.