The VX futures options are set to begin trading this coming Monday, October 14th. They will be options only on the $VIX monthly futures, even though there will be daily and weekly expirations. The base symbol for these options will be UX (the futures themselves trade with the base symbol VX). Since there are daily options, the symbol will also contain the letters “A, B, C, D, or E” for the days of the week: Monday, Tuesday, etc. The symbol will also contain a number indicating the week of the month, 1...5.
Okay, there are new products that are not exactly the return of those two very popular ETN’s representing volatility trading (TVIX was double the price/speed of $VIX, and XIV was the inverse of $VIX), but two new ETF’s are attempting to do the same thing.
We're proud to announce that McMillan's Volatility Bands Signal Scanner now includes all Cryptocurrencies including Bitcoin, Ethereum, Dogecoin, etc.
Each morning, you will receive an email containing the new MVB buy & sell signals from our curated list of tradable assets including stocks, ETFs, futures, and now cryptocurrencies.
Did you know McMillan Volatility Bands can be used on intra-day charts? McMillan Volatility Bands, a charting analysis tool developed by world-renowned options trader and author Lawrence G. McMillan, is an optimized approach to John Bollinger's Bollinger Bands. Leveraging his expertise in options trading, Lawrence designed his volatility-based version with a focus on how option prices are calculated – using the Black-Scholes definition of volatility. The McMillan Volatility Bands' pricing model assumes a financial asset's volatility should be measured in percentage change rather than absolute value change.
The CBOE has listed mini volatility futures, trading with the base symbol VXM. These are worth $100 per point of movement, as opposed to the $1,000 per point of movement on the “big” volatility futures contract. Everything else is the same between the mini and the full contracts: expiration date, settlement pricing, etc. So far, only the first four months have mini contracts, while there are “big” volatility futures for nine months out. In hedged strategies, these can now be paired with the micro e-mini S&P futures (worth $5 per point of movement). This will allow smaller accounts to take advantage of some of the more sophisticated strategies. Volume in the mini volatility futures has been mostly in the front month, but the markets are tight (5 cents wide) so they are a viable trading tool at this time.
We're proud to announce our latest charting indicator for www.Tradingview.com. The McMillan Spike-Peak Index Buy Signal is a must-have tool for both the active trader as well as the longer-term investor. These long-only signals provide timely entries in both up-trending and down-trending markets. The active trader can utilize these signals in the way McMillan has for well over 20 years -- through the use of leveraged options trades.
McMillan Volatility Bands are an alternative approach to John Bollinger's "Bollinger Band" study and developed by world-renowned options trader and author Lawrence G. McMillan. Given his background in options trading, it was natural for Lawrence to approach any volatility-based study in the same manner options are priced – using Black-Scholes definition of volatility.
