Shares of iPath S&P 500 VIX Mid-Term Futures ETN (VXZ) are trading down .72 to 22.64.? VXZ is trading .50 off of its 52-week low.
Today paper traded a large block of 10,000 of the VXZ Mar 25 puts for 2.45.? The average contract volume is 503 contracts per day in the name.? Open interest is over 16,000 contracts on the strike.? The implied volatility is down 1.4 points in March. ?The trade went up spread so it must be tied to stock and the OI indicates closing.
30-day implied volatility is 34%.?? 10-day implied volatility is 31%.? 30-day implied volatility is trading above the 10-day historical volatility.
iPath S&P 500 VIX Mid-Term Futures ETN (VXZ) seeks to replicate the VIX futures in a 4-7 month duration.