Volatility Spikes on Greek Fears
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VIX spiked today after comments made by Greece's anti-austerity left-wing leader, Alexis Tsipras. Tsipras said recently that he plans to form a government on a very simple idea - tear up the EU austerity deal.
Intra-day, the S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) spiked over 5 percent on the news. Until recently, volatility has been trending down, but with VXX up over 7 percent in a week, tends could be changing.
Intra-day, the S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) spiked over 5 percent on the news. Until recently, volatility has been trending down, but with VXX up over 7 percent in a week, tends could be changing.
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