FYI: tock market volatility is back and it may have already claimed its first casualties. A pair of inverse volatility ETPs plummeted early this week after a spike in the Cboe Volatility Index (VIX) devastated the value of their underlying futures holdings.
The VIX skyrocketed by 115.6% on Monday as the S&P 500 fell by 4.1%. That’s the largest one-day increase in the VIX ever, according to Cboe.
Regards,
Ted
http://www.etf.com/sections/features-and-news/historic-vol-spike-rattles-2-inverse-vix-etps
