Bloomberg’s Luka Kawa Joe Weisenthal discuss volatility and the market selloff on short volatility products
08 February, 2018, 00:44
"(Volatility-linked ETPs) are the easiest way for long portfolio managers to hedge their portfolio", said Seth Golden, the Ocala, Florida-based president of Finom Group, who rose to fame a year ago after the New York Times profiled the former logistics manager for discount store retailer Target who started trading volatility products.
The long-awaited pullback following soaring equity markets may have taken its first step this week and low volatility ETFs have been impacted.
"On the acceleration date, investors will receive a cash payment per ETN in an amount equal to the closing indicative value of XIV on the accelerated valuation date", the statement said. Susquehanna International Group LLP raised its position in Credit Suisse AG - VelocityShares Daily 2x VIX Short Term ETN by 103.8% during the 2nd quarter.
The VIX rocketed over 50 Tuesday, setting the stage for another rocky day on the Street.
The XIV was halted Tuesday, and Credit Suisse subsequently issued a press release saying it will be delivering an irrevocable call notice to The Depository Trust Company for the XIV on February 15. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors.
Twitter and Pornhub ban 'deepfake' face-swap porn videos The stance is reflected by Twitter, which has said it will suspend the accounts of those that originally post deepfakes content. At this time, even though Pornhub confirmed that it banned the videos, the deepfakes videos are still all over the website.
The most-baffling thing about XIV was why it was trading at $99 at the close. "If an Acceleration Event occurs at any time with respect to any series of the ETNs, we will have the right, and under certain circumstances as described herein the obligation, to accelerate all of the outstanding ETNs of such series".
Larry McDonald, founder of the Bear Traps Report, warned that such a huge spike in volatility could have a cascading effect. Average returns are minus 5% so far this year. For example, XIV doubled in size in August.
As of this writing, both XIV and SVXY were halted for trading, but were expected to resume trading later in the day. They're just numbers. Derivatives exists to bet on where the numbers will be in the future, but for many investors a more attractive option was a product that could be traded on an exchange. Filings from back in September show Credit Suisse, Deutsche Asset Management, Citadel Advisors, Flow Traders, and Two Sigma as the top holders.
"The holdings jumped from short 988 Feb contracts to short 4,758 Feb contracts and from short 2,418 March contracts to short 14,317 March contracts", notes Peter Tchir, head of macro strategy at Academy Securities Inc. (NASDAQ: CBOE), which of course operates markets for numerous options that trade hands, was last seen down 11.4% at $115.65 on more than four times normal volume of 4.3 million shares as of noon Eastern Time.
Rumors of the death of the short-volatility funds have been greatly exaggerated.
Nest finally launched a suite of new products in September of a year ago , including a smart alarm and camera-equipped doorbell. It certainly makes sense for Nest to merge with Google's hardware group, especially since the two are already working together.
But it's unclear how much or what information Steele collected made it into the application, or how much has been corroborated. The FBI said in a statement prior to the memo's publication that it had "grave concerns" about the memo's accuracy.
Despite those hopes, Kalanick became anxious when rumors swirled that Google was testing its own ride-hailing service in 2015. What Kalanick meant, he said: Laser sensors are "an important part of making autonomous work; it doesn't work without it".
Two of those shot have died, and three of the four were sleeping at the time they were shot, according to ABC affiliate KTNV . The fourth victim, an elderly homeless man, was shot and killed while sleeping under a bridge on February 2, police said.
Porter is not well known publicly but is often seen on travels with the president outside Washington and in White House meetings. One ex-wife, Colbie Holderness , alleged Porter had choked, punched and emotionally abused her during their five-year marriage.
Eggert claimed her alleged sexual encounters with Baio when she was still a minor "happened quite often, through the age of 16". Since the crimes allegedly happened between 1986 and 1990, it's unknown if the statute of limitations has run out or not.
J BRUCE ROBINSON also sold $745,529 worth of Cognex Corporation (NASDAQ:CGNX) on Tuesday, September 5. (NASDAQ:ASYS). On the other end, a stock with a score from 0-2 would be viewed as weak. (NYSE:MHO) rating on Thursday, October 26.
Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. For GSK, the company now has 4.74 billion of cash on the books, which is offset by 4.74 billion in current liabilities.
L'Equipe says Lemar is not among the top 30 paid players in Ligue 1 as the Monaco stars only earns €100,000 (£88,000) a month. But Monaco vice president Vadim Vasilyev was clear that one of their key players would not leave in January.
Kylie Jenner baby pic causes social media Storm(i)
She posted a video on her app that showed her mother Kris Jenner giving birth to her and ended with a message about her own baby. In an interview posted on her app, she confessed, "I like to have a very big family".
Microsoft Cortana Now Available for iPad
Rivals Alexa and Google Assistant were amongst the most popular apps this holiday season. Version 2.6.8 adds the feature with an "exclusive layout and interface for your iPad".
Short Term Outlook For NIKE, Inc. (NYSE:NKE)
The firm has a market capitalization of $104,758.60, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.91 and a beta of 0.68. Consulta Ltd decreased its stake in Nike Inc (NKE ) by 10.53% based on its latest 2017Q3 regulatory filing with the SEC.
Five million households face energy price rise
The government is working on a general cap for household energy prices and the change in approach has put Ofgem on the back foot. The regulator has blamed the increase on rising wholesale energy costs and says consumers will still be better off with the cap.
Stock's Stunning Activities: JPMorgan Chase & Co. (NYSE:JPM)
Looking at some analyst views on shares of Cliffs Natural Resources Inc. ( NYSE :VTR) to report earnings on February, 9. The fund owned 119,859 shares of the financial services provider's stock after selling 3,170 shares during the quarter.
Diet linked to breast cancer spread, say scientists
And when combined with other methods of asparagine limitation, metastasis was reduced by about 20 times, he said. You can help fund future research leaders by supporting one of our young scientists and clinicians now .