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The Skinny on XVIX
Bill Luby • Fri, Jan 28, 2011 • 1 Comment
Why the Long-Short VIX ETN Merits Attention
David Ott • Thu, Jan 6, 2011 • 6 Comments
New Volatility Fund From UBS
optionMONSTER • Mon, Dec 6, 2010

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The VIX And The Pre-FOMC And Post-FOMC Trades
Bill Luby • Tue, Jun 18
Time To Add Some Volatility To Your Portfolio
Mark Meadows • Thu, Jun 13 • 13 Comments
Why The VIX Is No Market Indicator Right Now
Nico Inberg • Wed, May 29 • 6 Comments
The VIX Is Sending Odd Signals
Evariste Lefeuvre • Fri, May 24 • 9 Comments
Imbalances That Could Derail The Stock Market Rally
Larry Trefz • Wed, May 15 • 15 Comments
Fed Liquidity Fueling Stock Market Volatility Vs. Suppressing It
Larry Trefz • Tue, May 14 • 2 Comments
Why The VXX Is A Short-Term Buy And A Long-Term Sell
Nico Inberg • Mon, May 13 • 11 Comments
Unraveling The VXX Roll Yield Riddle
Del Lindley • Thu, May 9 • 75 Comments
Volatility ETFs Could Face A Short Squeeze
Larry Trefz • Tue, May 7 • 57 Comments
Another Record In VIX Call Volume
Bill Luby • Wed, Mar 20 • 2 Comments
The VIX, Interpolation And The Roll
Bill Luby • Tue, Mar 12 • 6 Comments
Time To Go Long On The VIX?
Shareholders Unite • Tue, Mar 12 • 12 Comments
Lowest VIX Close Since Day Before Biggest VIX Spike Ever
Bill Luby • Tue, Mar 12 • 4 Comments
Thoughts On The CBOE Risk Management Conference
Bill Luby • Thu, Mar 7 • 1 Comment
Record VIX Options Volume And Large Purchases Of VIX Calls
Bill Luby • Tue, Feb 26 • 6 Comments
All Time VIX Spike #11 (And A Treasure Trove Of VIX Spike Data)
Bill Luby • Tue, Feb 26 • 19 Comments
VIX ETP Performance In 2012
Bill Luby • Thu, Jan 10 • 6 Comments
VIX And VXX Fall As The Markets Fall: Confused?
Scott Murray • Thu, Nov 8, 2012 • 32 Comments
The Presidential Election And VIX Behavior
Scott Murray • Tue, Nov 6, 2012 • 4 Comments
VIX And The VXX May Present A Short-Term Opportunity For A 200-300% Return
Scott Murray • Mon, Nov 5, 2012 • 26 Comments

There are no Transcripts on XVIX.

ETF Investing: These ETFs tangle with volatile markets

at MarketWatch.com (Mar 6, 2011)

XVIX vs. ETF Alternatives

XVIX Description

The UBS ETRACS Daily Long-Short VIX ETN is linked to the performance of the S&P 500 VIX Futures Term-Structure Index Excess Return (Ticker: SPVXTSER). The Underlying Index is a composite index that measures the return from taking a long 100% position in the S&P 500 VIX Mid-Term Futures™ Index Excess Return (the “Mid-Term Index”) with a short, or inverse, 50% position in the S&P 500 VIX Short-Term Futures™ Index Excess Return (the “Short-Term Index” together with the Mid-Term Index, the “Sub-Indices”), with daily rebalancing of the long and short positions. The performance of the Underlying Index is reduced by the Fee Amount of 0.85% per annum, and increased by the Financing Payment.
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Country: United States

Key Info

In Your Portfolio: A Guide to Strategy ETFs
Asset Class Performance: Strategies

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Tuesday, May 21, 3:34 PM Major hedge funds have suddenly turned bullish, reportedly buying massive amounts of OTC call options on the S&P 500 (SPY). The purchases have been large enough to send the VIX (VXX) higher even as stocks continue to gain. An important milestone - the implied volatility of S&P calls is now greater than that of puts, a true rarity since 2007. 19 Comments
Wednesday, May 15, 3:47 PM The VIX (VXX +0.6%) - typically moving the opposite direction of stock prices - has been more correlated to equities this year than any other time since 1996, according to Kaitlyn Kiernan, with today (if it holds) being the 23rd instance YTD in which both have moved in the same direction. That translates into 25% of the trading sessions (for all 1996, it was 29%). 3 Comments
Monday, April 8, 3:05 PM At least one indicator is showing the largest bearish positioning since March 2010 as the ratio of call to put bets on the VIX (VXX) rises to its highest since then. Among the 10 most-owned VIX options, 9 have larger bets on volatility gains, with April $20 calls - 44% out of the money right now - garnering the largest open interest. 16 Comments
Thursday, March 28, 1:14 PM The "vol tourists" are piling into the Inverse VIX Short-Term ETN (XIV), says Chris Cole, not really understanding it, but liking the price action (up) and believing the "Fed will always have their back." The "tourists" may get burned at some point, but for the moment, the XIV is providing another way for those betting on turbulence to lose money - demand to borrow the shares is soaring. 9 Comments
Tuesday, March 26, 11:02 AM Some people just enjoy pain. More than $520M has poured into leveraged-volatility ETPs (UVXY, TVIX) in Q1 even as their value continues to decline. The un-levered tracker of the VIX (VXX) has drawn in $620M. Bets on the leveraged products are bets on a crisis emerging ... quickly. "When bad things don't happen and you lose your premium," says a market maker, "most people don't complain." 16 Comments
Monday, March 11, 12:57 PM The CBOE Volatility Index today dropped below 12 for the first time since 2007 and against a long-term average of 20.4. Contrary to what contrarians believe, writes Mark Hulbert, low VIX levels are not necessarily bearish. Thinking about VIX as what it is - a measure of expected volatility - rather than as a "fear gauge" might help do away with this misperception. VXX -2.2%. 18 Comments
Monday, February 25, 4:13 PM More on the VIX (previous): Up 26.3% minutes ago, the index ended 35% higher - extreme is an understatement. This cool graph from credit markets shows today's move to be about the 3rd or 4th largest going all the way back to 2005. VXX +13.7% in the regular session, +1.5% AH. 12 Comments
Thursday, February 21, 12:58 PM The VIX (VXX +4.2%) stretches its 2-day gain to 53%. Do the sharpest drops (in stocks) happen in bull markets? This would be the 12th time since 1991 the VIX has spiked more than 25% in 2 days with the S&P above both its 50 and 200-day moving averages, says Jerry Khachoyan. 3 Comments
Tuesday, February 19, 8:02 AM "I think we're seeing fear fatigue," says money manager Darell Krasnoff. Clients of his out of stocks for some time are calling and asking to get back in. It's the same story at Fidelity and Schwab (SCHW), both seeing marked increases in trading activity. The Vix (VXX)? It declines even on days when the markets sell off. 29 Comments
Thursday, January 24, 11:15 AM A volatility bull (and sort of stock market bear) throws in the towel, with MKM's Jim Strugger warming up to the "new reality of a lower volatility regime and its implications." A new era of fundamental analysis without fear of the macro environment is upon us, he says. Three weeks ago (and for the last several years), he sang a different tune. 12 Comments
Wednesday, January 23, 1:26 PM Perceptions what is "low" on the VIX (VXX) are skewed by the financial crisis, writes Adam Warner. Prior to 2008, a VIX above 30 for any length of time was unheard of, and a level in the teens was the norm for years on end. This doesn't mean options aren't cheap at these levels - they are, and replacing stock winners with calls at these prices wouldn't be a horrible strategy. 4 Comments
Tuesday, January 8, 3:55 PM The ferocity of the recent reversal in the VIX (VXX) - from 20% above its 10-day moving average to 20% below within a month - has occurred just 4 other times going back to 1990, writes Adam Warner. Is it a tell? Unfortunately not likely, says Warner, as no pattern is evident from the previous instances. 8 Comments
Wednesday, January 2, 11:50 AM Buying the dip in the VIX (VXX -8.2%) is MKM Partners' Jim Strugger, who says we're still in the midst of a 5.5 year cycle of elevated market volatility which began in 2008. He expects one last "high-magnitude" event in the next few months. 9 Comments
Monday, December 31, 2012, 3:41 PM The apparent movement towards a deal has the VIX plunging 19%, one of its biggest single-day implosions in years (and that's saying something). The "fear gauge" had made a big move higher since mid-December as traders bet on a D.C. agreement not being reached. Other big moves: August 2011, -27%, May 2010 -30%. VXX -10.1%. 10 Comments [On the Move]
Friday, December 28, 2012, 10:35 AM There's always a bull market somewhere and the back and forth over the fiscal cliff has sent volatility ETFs surging on massive volume over the traditionally slow Christmas-New Year period. The TVIX saw its busiest day ever on Thursday and the VIX Mid-Term ETF (VIXM) traded nearly 1.7M shares yesterday against an average volume the past 3 months of 83.5K shares. 3 Comments
Monday, December 3, 2012, 5:09 PM The failure of VIX ETNs to track their benchmarks threatens to kill investor interest in the products - not good for CBOE Holdings (CBOE), says Well's Chris Harris. The exchange has benefited from a surge in VIX futures trading - up 233% Y/Y (!) - setting it up for disappointment if the retail investor moves on to something else. 2 Comments

XVIX UBS ETRACS Daily Long-Short VIX ETN

XVIX

UBS ETRACS Daily Long-Short VIX ETN