With markets dropping on earnings and uncertainty over the election, volatility is spiking.
Late last week, the Volatility Index (SYM: VIX) jumped to a high of 21.91, where it’s now becoming over-extended. In fact, as we’ve seen two times before, when the VIX gets this hot, and this technically stretched, it’ll peter out and start to pull back again. We’ve seen this happen countless times. And if you catch it, you can make some good money.
| ETF: ProShares Ultra VIX Short-Term Futures ETF (SYM: UVXY) ProShares Ultra VIX Short-Term Futures ETF (SYM: UVXY), which was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. |
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| Now, we can look at inverse ETFs that benefit from cooling volatility, including: ProShares Short VIX Short-Term Futures ETF (SYM: SVXY), which seeks daily investment results, before fees and expenses, that correspond to one-half the inverse (-0.5x) of the daily performance of the S&P 500 VIX Short-Term Futures Index, as noted by ProShares.com. It also has an expense ratio of 0.95%. |
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