Let’s talk about VXX, baby!
Download Volatility Views 270: Return of VIX Ratios Plus VXX Questions
Volatility Review: A look back at the week from a volatility perspective.
The numbers:
- VIX Cash – 10.59, VVIX – 94.86
- CBOE Skew Index – 130.5
Russell’s Weekly Rundown:
- VIX Options: ADV – 785k, VIX Call/Put – 3.3
- Total 12.0m (9.24m Calls, 2.76m Puts)
- OIV – 28.29
- OVX – 28.37
Volatility Voicemail: Options Question of the week:
Let’s get cheap! If you had to buy “lottery ticket” December calls for $.05 in one name – which would you choose? #HomeRun
- AMZN
- AAPL
- Tesla
- VIX
Listener Questions and Comments:
- Question from JC – What am i missing? If VXX erodes why does anyone buy it?
- Question from Simyan – So I should just short VXX into the dust? Is that the deal?
- Question from Nils – So if the max length between splits is 3 years, and the minimum split price is $10 – aren?t the Jan 2019 20 puts for $2 a screaming deal?
- Question from TimTim -?Do any other Vol products exhibit this erosion?
Crystal Ball: Wild prognostication
Last week:
- Mark L. – 11.75
- Mark S. – 11.00
- Russell – 10.80
This week:
- Mark L. – 10.15
- Mark S. – 10.65
- Russell – 11.00