The Weekly Options News Roundup – 5/15/2015

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets.

VIX 101
“What is the essence of VIX? This may seem like an abstract, philosophical question, but I can assure you it is not. It is a practical one, and if you can understand what makes VIX unique, you will know why this index matters so much…”

“The Essence of VIX: What You Really Need to Know” – Reid Steadman, VIX Views

“Volatility for Stocks Stays in Check” – Saumya Vaishampayan, Wall Street Journal

There’s an Interest Rate VIX, Too
The CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (TYVIX) measures the expected volatility of the price of 10-year Treasury Note futures, a core instrument of the U.S. fixed income market.  TYVIX futures at CFE are the first exchange-traded volatility product in this space.

“The VIX People Should Be Talking About” – Mark Sebastian, Option Pit

VIX Pit Springs to Life With Big Trades
For most of 2015, the VIX Index has been confined within a relatively tight range, but spiked this week, hitting the 15 level on Tuesday, before subsiding back to the 12 range today.  This pop caused a flurry of big trades – were they hedges or predictions?

“Almost $100 Million of VIX Options Traded Hands in a Split Second Today”– Callie Bost, Bloomberg

“More Color on the Big $VIX Trade” – Russell Rhoads, CBOE Options Hub

“VIX Sees Robust Ratio Call Spread Swap” – Daniel O’Leary, EQ Derivatives

33rd Annual Options Industry Conference
Last week, the industry gathered in sunny Miami Beach for the 33rd annual Options Industry Conference.  Here are some highlights for the OCC’s keynote address and the exchange leaders panel.

“OCC Says Listed Options Markets Must Remain Vibrant in the Eyes of Regulators and Investors” – Options Clearing Corporation

“Options Industry Perspectives: Exchange Leaders Trade Viewpoints at OIC 2015” – Sarah Rudolph, John Lothian News