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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.



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Seeking Alpha

Thursday, February 05, 2015

Why I’m Selling Market Volatility Here - Short VXX

In a market report published Tuesday morning, I outlined my opinion that the rally in the energy complex was drawing capital from the broader market, especially from the shares of the best performing stocks. That same issue is the reason, in my view, for the recent sharp rise in volatility, along with underlying concerns around Europe which are now easing as well. As a result of my view that this capital flow anomaly will fade along with Greece related fears, I have taken a short position against the iPath S&P 500 VIX ST Futures ETN (NYSE: VXX) using put options and am suggesting investors consider investments against volatility. See the full VXX report here. Other volatility securities include VelocityShares Daily 2X VIX (NYSE: TVIX), ProShares Ultra VIX ST (NYSE: UVXY), VelocityShares Daily Inverse VIX ST (NYSE: XIV), VelocityShares Daily Inverse VIX MT (NYSE: ZIV).

DISCLOSURE: Kaminis is short the VXX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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