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Traders are using a clever trick to make money from the most boring market in years (VXX)
|05/17/2017||Posted by BusinessMediaguide.Com under General World News||
One of the world’s most popular investment products is essentially just a vessel for betting that the stock market will sit still.
That’s according to Macro Risk Advisors, a firm that arranges volatility trades. While the vehicle in question, the iPath S&P 500 VIX Short-Term Futures ETN (VXX), was originally conceived as a way to bet on future price swings in US equities, most of the interest in trading comes from investors who want to short it, according to the firm.
A downside wager on the VXX — which, on any given day, can be one of the most read more >>>