The Ultra Fund seeks daily results that match (before fees and
expenses) two times (2x) the daily performance of the S&P 500
VIX Short-Term Futures Index. The index seeks to offer exposure to
market volatility through publicly traded futures markets and is
designed to measure the return from a rolling long position in the
first and second month VIX futures contracts.
I have discussed this instrument a few times previously..understand
how it works if you choose to trade it.
Posted by bluezango on 21st of Jul 2016 at 02:36 pm
UVXY is Ultra, which is only 2x, but still... it should track
VIX better. On the other hand, after reading what they have
to actually do with all the options to translate it to 'tyr" to
track VIX , it is understandable. Also, just because the VIX
moves, does not mean the options activity on the VIX automatically
changes proportionally. I am starting to wonder if it is
people or systems doing it :)
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UVXY
Posted by EdZ on 21st of Jul 2016 at 02:15 pm
VIX up 10% and UVXY up 7.5%. So much for UVXY being a triple ETF mirroring the VIX.
UVXY Defined
Posted by steve on 21st of Jul 2016 at 02:38 pm
The Ultra Fund seeks daily results that match (before fees and expenses) two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the return from a rolling long position in the first and second month VIX futures contracts.
I have discussed this instrument a few times previously..understand how it works if you choose to trade it.
UVXY is Ultra, which is
Posted by bluezango on 21st of Jul 2016 at 02:36 pm
UVXY is Ultra, which is only 2x, but still... it should track VIX better. On the other hand, after reading what they have to actually do with all the options to translate it to 'tyr" to track VIX , it is understandable. Also, just because the VIX moves, does not mean the options activity on the VIX automatically changes proportionally. I am starting to wonder if it is people or systems doing it :)