Tuesday was a good day to look at the performance of the current crowd of volatility tickers. Below is a snapshot of things at the end of the day: . . . Some basics: SPY down 1.77%, with relatively high volume—233 million shares VIX closes at 20.80, up 4.37 points. A 26.6% move! VXX closes at 32.62 up 12.37% …
Last week didn’t inspire a lot of confidence in the CBOE’s Volatility index: VIX A 0.6% SPX dip, gone two hours later triggers a 3.75% step up in the VIX that didn’t go away At the Thursday morning opening VIX glitches down 0.6 points and then jumps 1.3 points VIX glitches down a point Friday morning for 15 minutes, and then recovers to within 0.03 …
Schwab continues to roll out more information about its new trading platform. This website adds some demos, system requirements, some FAQs, and an invitation to join a live webcast on March 8th. In the FAQs, Schwab says there are no plans to retire StreetSmart Pro, but there are no such assurances about StreetSmart.com. Hopefully Scwhab has designed StreetSmart Edge so that it can evolved …
I created a bear spread on VXX, selling February S28 calls at .39 and buying February S29 calls at .17. VXX was at 27.90 at the time. .
The CBOE publishes a guide titled “Taxes and Investing” targeted the individual investor. It addresses some of the finer points of tax law regarding dividends, options, and other securities. See below for the table of contents.
