Tag Archives: VXEWZ

Last Week in Emerging Market Volatility – 4/13/2014

Before talking about the volatility markets I did want to point out an emerging market trade that caught my eye on Friday.  Mid-morning there was a buyer of 12,000 EEM Jun 40.00 Calls at 2.62 that also sold 12,000 EEM Jun 43.50 Calls for 0.72 and a net cost of 1.90.  EEM was around 41.65 […]

Last Week in Emerging Market Volatility – 4/6/2014

Despite the market nervousness on Friday, VXST was down just over 8.5% last week and the front two weekly futures contracts were down as well.  Things get a bit interesting when looking to the far right side of the chart where the contracts that expire toward the end of April show up.  Both are at […]

Last Week in Emerging Market Volatility – 3/30/2014

Last week the Brazilian market experienced a credit downgraded by Standard & Poor’s.  The result for the equity market was a rally of over 7% in the iShares MSCI Brazil Capped ETF (EWZ – 44.87).  EWZ has been around since the year 2000 so I decided to check if the 7.68% gain for EWZ was […]

Last Week in Emerging Market Volatility – 3/9/2014

The emerging market space took a hit early in the week as the Russia weighting of just over 5% led to a drag in performance for the iShares MSCI Emerging Markets ETF (EEM – 39.52).  Out of curiosity I checked out the country weightings for EEM on the iShares website.  The weightings for the top […]

Last Week in Emerging Market Volatility – 3/2/2014

Despite (very loud) proclamations that Brazil is in for a difficult 2014 the iShares MSCI Brazil Capped ETF (EWZ – 41.00) managed to put up a small gain last week.  Sometimes all the bad news is in a stock (or market in this case).  EWZ is down over 8% this year while the S&P 500 […]

Last Week in Emerging Market Volatility – 2/23/2014

The iShares MSCI Brazil Capped ETF (EWZ – 40.76) gained 1.3% on Friday which moved the weekly performance from down 1% to up 0.3%.  The Brazilian equity market has been under pressure due to some concerns that are specific to Brazil and some concerns that could be referred to as guilt by association (think Argentina […]

Last Week in Emerging Market Volatility – 2/9/2014

With the exception of the Russell 2000 (my personal favorite index) all equity markets that have listed volatility trading available were higher last week.  The leader of the pack was Brazil putting up a gain of just over 3.5%.  The result was a 4% drop in the CBOE Brazil ETF Volatility Index.  Also, the futures […]

Last Week in Emerging Market Volatility – 2/2/2014

Despite being a market sector that underperformed terribly last year, emerging markets got a lot of attention during the first month of 2014.  So far the focus has been on how bad tapering is for emerging economies.  Keep in mind (if there is one thing you learn this weekend this should be it) that stock […]

Record VIX Option Volume in January

Preliminary numbers show average daily VIX Option volume at 792,668 contracts for January.  This is more than 50,000 contracts per day higher than the previous record of 738,295 which was set in October of last year.  The chart below shows the average daily volume by month for VIX Option trading since 2006.   Average daily […]

Last Week in Emerging Market Volatility – 1/24/2014

Apparently a good portion of the hub-bub this week about the markets had to do with the emerging market sector.  I was told that some issues around China may have contributed to the fall.  At CBOE we have a volatility index that is based on the Chinese market at CBOE.  Although we do not have […]


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