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July 15, 2008 at 10:58 AM EDT
CBOE Launches "Oil VIX" (OVX)
Today the CBOE
an "Oil VIX" (
) based on options on the
crude oil ETF.
According to the CBOE
, the exchange is in the process of expanding their volatility index product line into commodities and foreign currencies.
I think this is an exciting development that just happens to fit nicely with several chapters in my upcoming book.
I'll have a lot more to say about the OVX and other CBOE volatility products going forward.
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