XIV NAV Reported at $5.32

Shorting short volatility U.S. exchange trade products reaps big gains

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - Monday's slump in the U.S. stock market may have been painful for those betting against volatility in prices, but traders who took opposite positions hoping to gain from a sharp move are likely to laugh all the way to their banks.

Shorting volatility, or betting on calm stock market conditions, had been one of the most successful trading strategies... More

VelocityShares Daily Inverse VIX ETN (XIV) Again Halted on LUDP

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) Again Halted on LUDP

VelocityShares Daily Inverse VIX ETN (XIV) Resumes Trading, Down 94%

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) Resumes Trading, Down 94%

VelocityShares Daily Inverse VIX ETN (XIV) Halted Again on LUDP

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) Halted Again on LUDP

VelocityShares Daily Inverse VIX ETN (XIV) Halted Again on LUDP

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) Halted Again on LUDP

VelocityShares Daily Inverse VIX ETN (XIV) Halted Again on Volatility; Last Down 92%

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) resumed trading and is again halted on volatility. Last down 92% to $7.60

VelocityShares Daily Inverse VIX ETN (XIV) halted on volatility after plunge on trading resumption

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) halted on volatility as the ETP plunges as trading resumes.

VelocityShares Daily Inverse VIX ETN (XIV) Resumes Trading; Down 90%

VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) resumed trading. Shares down 90% to $9.97

The VIX Comes Home to Roost

With the VIX trading at absurd and arguably artificially low levels for years, many knew a day of reckoning would eventually come. Yesterday it came in like a wrecking ball. The wreckage is widespread and continues Tuesday as traders survey the damage.

Yesterday's record move in VIX, which continued in a wild after-hours session and again on Tuesday, is believed to be technical in nature caused by inverse VIX ETPs covering short future positions and long VIX ETPs adding to positions. Goldman Sachs strategists John Marshall estimates VIX ETPs issuers likely bought around $230 million vega in VIX futures, greater... More

UPDATE: CBOE Holdings (CBOE) Trades at Session Low Following VIX ETN Troubles

(Updated - February 6, 2018 10:35 AM EST)

CBOE Holdings (NASDAQ: CBOE), owner of VIX intellectual property and the exchange where VIX futures are traded, dropped as much as 16% Tuesday. The fall followed trading halts and planned liquidation in VIX ETNs and ETFs.

Earlier... More

Credit Suisse 'volatility' fund liquidated after market selloff

By Michael Shields and Trevor Hunnicutt

ZURICH/NEW YORK (Reuters) - Credit Suisse said on Tuesday it would terminate the second-largest publicly traded product betting on future swings in the S&P 500 after its value plunged during the global market rout.

The fund's spectacular demise marked just one of the casualties in the "short-vol" trade investors piled into in recent years to profit from stable markets with complex products that gained on low and stable volatility.

Those bets unraveled on Monday as the benchmark S&P 500 index and the Dow Jones Industrial Average suffered... More

Credit Suisse (CS) announces event acceleration of XIV ETNs (XIV)

(Updated - February 6, 2018 9:16 AM EST)

Credit Suisse (NYSE: CS) announces event acceleration of XIV ETNs (NASDAQ: XIV)

More:

Credit Suisse AG (Credit Suisse) today announced the event acceleration of its VelocityShares Daily Inverse VIX Short Term ETNs (XIV) due to an acceleration event. The acceleration... More

Goldman Sachs Says Wild VIX Move Sets Up For Option-Selling Opportunities

Goldman Sachs analyst, John Marshall, stated he will be watching the credit markets closely on Tuesday for signs of whether the spike in VIX volatility has cleared the decks for short-term volatility spikes or if further buying of volatility will occur.

Yesterday, the VIX reached a level above 37 which rivals the highest level since 2015, and... More

Inverse VIX ETFs halted from trading after heavy losses

LONDON (Reuters) - Three U.S.-listed inverse VIX ETFs were halted from trading on Tuesday after suffering heavy losses on Monday when a spike in U.S. stocks volatility caused a violent unwind of trades betting volatility would stay low.

Trading in the VelocityShares Inverse Vix Short-Term... More

Credit Suisse (CS) Said to Consider Redemption of Volatility ETN XIV (XIV) - Bloomberg

(Updated - February 6, 2018 7:27 AM EST)

Credit Suisse (NYSE: CS) is considering buying back its exchanged-traded note, VelocityShares Daily Inverse (NASDAQ: XIV), which plunged 80% after-hours yesterday, according to Bloomberg, citing people familiar with the... More

Credit Suisse (CS) confirms that is has experienced no trading losses from VelocityShares Daily Inverse VIX ETN (XIV) - Reuters

Credit Suisse (NYSE: CS) confirms that is has experienced no trading losses from VelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) - Reuters