Blogger Steve Smith recently wrote at Minyanville —
“The CBOE Short-Term Volatility Index is an underappreciated trading vehicle. Launching investment products during market declines is usually a bad idea — unless you’re selling volatility. The Chicago Board Options Exchange (NASDAQ:CBOE) began listing options on the CBOE Short-Term Volatility Index (VXST) on April 10. That turned out to be a great time for VXST to show its value as a volatility play. During the first two days options were available, the S&P 500 tumbled 3.2%, the VIX popped 28%, and VXST soared a whopping 40%…”
VXST ON MONDAY, APRIL 28
On Monday April 28th —
- The VXST Index ranged from a low of 13.87 to a high of 16.48 (19% higher), and closed at 14.08.
- The trading volumes for VXST options were 324 puts and 453 calls.
PRICE CHARTS, VIDEOS AND MORE INFORMATION
The price chart below shows VXST movements of more than 20% from low to high over the past 3 trading days. VXST options and futures have the potential to be powerful tools. For more information, including price charts, strategies, and videos, please visit www.cboe.com/VXST