Volatility. Say it with me, Vol-a-til-ity. The word is certainly a trending topic on the Street. However, it’s the lack of volatility that everybody seems fixated on now. Volatility has all but vanished but the amount of products that trade volatility seems to be expanding at an exponential rate. In addition to VIX options and futures, there are now 15 volatility based ETN’s and ETF’s which have a combined $2.3 billion in assets. The biggest and probably the worst performing one is the VXX. This little darling was
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