由买买提看人间百态

boards

本页内容为未名空间相应帖子的节选和存档,一周内的贴子最多显示50字,超过一周显示500字 访问原贴
Stock版 - 刚刚脱手了1万股VIX
相关主题
关于指数future 和option的思考VXX 走势奇怪
commodity ETF 疑问TVIX and VXX are lagging behind VIX
扫盲贴: VXX: the ETF tracks VIX (volatility index)UVXY 真是最熊的ETF了
发财秘籍6个月50%以上profit科普一下VIX相关ETF, FUTURES
vix问题VIX
老子怒了, $34.29 all in TVIX还有没有类似 contango的陷阱?
哪个好人帮忙解释一下VIX和VXX今天超级背离阿?做VIX ETF/ETN options的要注意流动性问题
有没有长期空VXX的?One speculative trade
相关话题的讨论汇总
话题: vix话题: shares话题: etf话题: commodity话题: option
进入Stock版参与讨论
1 (共1页)
a*****d
发帖数: 4029
1
上周18出头买入,今天20出头脱手,1万股VIX
g***c
发帖数: 11523
2
股神,吹牛逼也得靠谱
VIX是指数
你如何买1W股指数?
净扯鸡巴蛋

【在 a*****d 的大作中提到】
: 上周18出头买入,今天20出头脱手,1万股VIX
o*******w
发帖数: 2310
3
kao!

【在 g***c 的大作中提到】
: 股神,吹牛逼也得靠谱
: VIX是指数
: 你如何买1W股指数?
: 净扯鸡巴蛋

o*******w
发帖数: 2310
4
Good question. I think it is because there is no underlying hard asset.
An ETF of an market index (or a commodity or currency) is backed by the
actual stocks (or commodities or currecies) that make up that index. If you
buy an ETF of the Dow Jones Industrial Average the company that issued the
ETF actually backs the ETF shares with shares of the 30 stocks in the DJIA.
The shares are held in trust even though nobody actually will take delivery
of the shares. Bond and commodity ETFs work the same way. A company that
issues ETFs tracking gold must have physical ownership of gold to back the
shares.
The VIX on the other hand is not something you can own. It is simply a
mathematical calculation. It can't be represented by a physical asset like
gold, oil, or wheat, nor can it be backed with shares that can be delivered.
You might say that shares of stock are merely pieces of paper but they do
represent a legal claim on the assets and profits on the company.
With options, there has to be a counter party to every transaction. If you
buy a call option someone else has sold one and has taken the opposite bet
as you (perhaps you have heard that option trading is a zero sum game. For
every dollar won, one is lost). So if you own a call option and the price of
the underlying stock rises such that it is above the strike price at
expiration you have two choices. One is to sell the option and collect cash
as your gain. The second choice is to force someone (one of the option
writers) to sell you the stock. With options on the VIX there is nothing you
could force someone to sell to you so you take the cash (assuming you're in
the money). It is worth noting that with certain commodities such as grain
and oil it is possible for there to be more outstanding options or futures
that will actually be physically settled at the expiration date (that is the
commodity will physically change hands). However, at expiration the
speculators (those with no intention of taking physical delivery of the
commodity on the long side and those who have no commodity to deliver on the
short side) must exit the market.
The only way the VIX could be a long term holdable asset would be if you
could have a counterparty that would take the opposite bet as you - and this
is the important part - in perpetuity. It would have to be an option with
no expiration and nobody is likely going to take the counter position. With
stocks or gold or currency you could theoretically take the asset and stuff
it in a drawer and there will always be a market for the asset in years to
come. Stocks might go to zero if the company falters and currencies might
disappear (German Mark?). A tradeable VIX needs a counter party to have
value.
b*******g
发帖数: 298
5
lol, 吹牛也不打打草稿,笑死我了

【在 a*****d 的大作中提到】
: 上周18出头买入,今天20出头脱手,1万股VIX
o*********l
发帖数: 1807
6
he meant VXX.......... etf
o*******w
发帖数: 2310
7
26.6 today

【在 o*********l 的大作中提到】
: he meant VXX.......... etf
b*******g
发帖数: 298
8
VXX 上周就没下过25,怎么买到的18,lol

【在 o*********l 的大作中提到】
: he meant VXX.......... etf
o*******w
发帖数: 2310
9
so many such kind of persons here.

【在 b*******g 的大作中提到】
: VXX 上周就没下过25,怎么买到的18,lol
w********2
发帖数: 16371
10
1w futures?
lol
WTF

【在 a*****d 的大作中提到】
: 上周18出头买入,今天20出头脱手,1万股VIX
s********7
发帖数: 4681
11
吃包子!
1 (共1页)
进入Stock版参与讨论
相关主题
One speculative tradevix问题
请教: 实物ETF有没有counterparty risk ?老子怒了, $34.29 all in TVIX
Buy the dip or short the rip?哪个好人帮忙解释一下VIX和VXX今天超级背离阿?
关于现在是不是Load黄金的好时机有没有长期空VXX的?
关于指数future 和option的思考VXX 走势奇怪
commodity ETF 疑问TVIX and VXX are lagging behind VIX
扫盲贴: VXX: the ETF tracks VIX (volatility index)UVXY 真是最熊的ETF了
发财秘籍6个月50%以上profit科普一下VIX相关ETF, FUTURES
相关话题的讨论汇总
话题: vix话题: shares话题: etf话题: commodity话题: option