OVX futures?

[heech]

Hi guys,

Any insight on if/when CBOE will introduce OVX futures/options, just as it has with VIX?

Thanks.

 

[grg03002]

soon

 

[heech]

Quote from grg03002:

soon

Are you affiliated with CME in any way? Just curious.

 

[grg03002]

http://cmegroup.mediaroom.com/index.php?s=43&item=3062

 

[heech]

Quote from grg03002:

http://cmegroup.mediaroom.com/index.php?s=43&item=3062

Sweeeeet.

http://www.cmegroup.com/trading/options-volatility-indexes.html

Kind of interesting their crude VIX numbers are slightly different from OVX. Slightly different methodology.

In any case, another interesting tool to have. Just gotta figure out how to use it without burning myself...

 

[grg03002]

I'm sure it'll be just as thin as the regular vix outrights, hopefully the options are liquid.

 

[bone]

Anybody have a link to the contract specs, so that I can go ahead and calculate the hedge ratio with the Nymex WTI Straddle?

 

[Mitch83]

Quote from bone:

Anybody have a link to the contract specs, so that I can go ahead and calculate the hedge ratio with the Nymex WTI Straddle?

http://www.cmegroup.com/trading/files/VIX_seminar.pdf
Launched Oct. 18th.

Anybody knows when IB adds them for trading?

 

[heech]

It says the contract multiplier is $500. So, with "OIV" (the symbol) at 32.88... each futures = $15000 notional?

And if OIV jumps 10 pts... your $15000 -> $20000. Seems simple enough to figure out.

Has anyone done research on how VIX trading has affected actual IV on S&P options? Just curious whether people moving their trading to pure volatility has affected the resulting implied volatility on the underlying...

 

[heech]

Anyone know if this thing is actually trading today, as originally specified? Nothing new on the CME site.

The (root) symbol appears to be CVF.