This Week in Short-Term Volatility – 3/14/2014

Last week the S&P 500 dropped 2 percent or so and the CBOE Short Term Volatility Index (VXST – 20.64) rose a whopping 62%.  When I use other people’s material I always give credit and Mark Sebastian has stated that if VIX is a fear index VXST is the panic button.  I wonder if the marketing department is looking into devices like the Staple’s Easy Button…

The biggest news about VXST did not occur in Chicago, but in sunny Boca Raton where it was disclosed that VXST option trading is coming soon!  Pending the regulatory approval VXST options will list on Thursday April 10th.  In anticipation of that event I will be doing a webcast for CBOE this coming Thursday March 20th at 3:30 Chicago time – more information on that can be found at


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Russell Rhoads, CFA

CBOE Options Institute

Russell Rhoads, CFA, is a Senior Instructor with the Options Institute at the Chicago Board Options Exchange. He joined the Institute in 2008 after a career as an investment analyst and trader with a variety of firms including Highland Capital Management, Caldwell & Orkin Investment Counsel, TradeLink Securities and…