CBOE announced today that they are launching derivatives on GVZ - Gold VIX index that is based on implied volatility of GLD ETF. What is surprising that only half of a year ago CBOE licensed to CME the right to develop their own volatility indexes (crude, and gold - GVX based on implied volatility of GC futures options), and CME did already launch futures and options on them. While as far as I know there has been no trading activity in these two products on CME (ok, gold futures traded a 4-lot, options none, oil none for both futures and options) it is really a surprising move for CBOE to move directly into CME space, and also to try to revive a dead product. I would love to see this product gain liquidity, but experience suggests that the product is likely to fail.
Futures contracts specs, options contracts specs - all in parallel to the VIX contracts.
See my previous posts about CME indexes here, and here.
Subscribe to:
Post Comments (Atom)
Weekly market report
Wall st delivered a mixed bag of news with VIX, VNKY, and VSTOXX and their underlying markets almost unchanged. VXD - volatility index based...
-
As I am sure all of you know Russia has began a full scale war against my home country Ukraine. Please make no mistake - Putin's goal ...
-
Many investors are looking at VIX and VSTOXX indexes as a leading indicators of volatility in equity markets, however many are confused by t... -
Wall st delivered a mixed bag of news with VIX, VNKY, and VSTOXX and their underlying markets almost unchanged. VXD - volatility index based...
No comments:
Post a Comment