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.
Showing posts with label gvx gvz. Show all posts
Showing posts with label gvx gvz. Show all posts
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Weekly market report
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John “Hojun” Hwang is the author of VIX, VIX Futures, and VIX ETNs, a conceptual guide to trading the VIX index. He graduated with degrees i...
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