Creator of VIX Options is (Finally) Creating a new ETF that Tracks the Spot VIX
I've been saying for years that the VIX options and futures currently in existence don't work right and are misused by most investors. It looks like Robert Whaley, the creator of VIX options agrees. This article is a must read for any volatlity trader.
Article Courtesy of ETF TrendsIn 1993, the year the first U.S. ETF was launched, there was also another monumental introduction.Robert Whaley was an established expert in derivative contract valuation and risk management. In 1993, Whaley developed the CBOE Market Volatility Index “VIX” for the Chicago Board Options Exchange. He went on... [Read more]
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