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Bill Luby is a private investor whose research and trading interests focus on volatility, market sentiment, technical analysis, and ETFs. He also authors the "VIX and More blog" and an investment newsletter from just north of San Francisco. His first book, Trading with the VIX, is scheduled to be published by Wiley in 2009.

Prior to becoming a full-time investor, Bill was a business strategy consultant for two decades and advised clients across a broad range of industries on issues such as strategy formulation, strategy implementation, and metrics. When not trading or blogging, he can often be found running, hiking, and kayaking in Northern California.

Bill has a BA from Stanford and an MBA from Carnegie-Mellon.

Website: http://vixandmore.blogspot.com/

Recent articles:

Ten Years Since the Biggest VIX Spike Ever
Mon, Feb 27, 3:51 PM ET, by Bill Luby

Ten years ago today, we witnessed that largest one-day VIX spikein the nearly three decade ...

The VIX Summit: CBOE RMC (March 8-10 in Dana Point, CA)
Sun, Feb 26, 3:11 PM ET, by Bill Luby

I often get asked about where to go to learn more about the VIX and ...

Clustering of Volatility Spikes
Sun, Feb 26, 2:11 PM ET, by Bill Luby

Last week, my Putting Low Stock Volatility to Good Use (Guest Columnist at Barron's) triggered ...

SPX 1, 2 and 3-Year Returns Following Top and Bottom Five (and Ten) VIX Average Annual Readings
Tue, Feb 21, 8:11 AM ET, by Bill Luby

On Saturday, I posted Putting Low Stock Volatility to Good Use (Guest Columnist at Barron's) ...

Putting Low Stock Volatility to Good Use (Guest Columnist at Barron's)
Sat, Feb 18, 5:21 PM ET, by Bill Luby

With spring training just getting underway in Florida and Arizona, I think it is appropriate ...

VIX ETPs Flash Some Green in 2016
Wed, Jan 4, 4:11 PM ET, by Bill Luby

Last year I shocked quite a few investors and media outlets with the publication of ...

The 2016 VIX Futures Term Structure: Extraordinarily Average
Mon, Jan 2, 8:11 PM ET, by Bill Luby

Two days ago, in The Year in VIX and Volatility (2016), I made no mention ...

The Year in VIX and Volatility (2016)
Sat, Dec 31, 6:11 PM ET, by Bill Luby

The consensus called for a big uptick in volatility in 2016 and while there was ...

My Low Volatility Prediction for 2016: Both Idiocy and Genius
Fri, Dec 30, 2:11 PM ET, by Bill Luby

A year ago, Steve Sears of Barron'sasked me to pen a guest column for The ...

Average VIX and Volatility for Last Fourteen Presidents
Thu, Dec 29, 2:31 PM ET, by Bill Luby

What kind of VIX is appropriate for the Trump Administration? For investors in general and ...

Post-Election Risk Trending Up in Treasuries and the Euro, Down in U.S. Stocks
Mon, Nov 21, 8:11 AM ET, by Bill Luby

You can always tell when the crowd gets long the VIX and ends up on ...

Top VIX Crushes in History
Tue, Nov 8, 1:21 PM ET, by Bill Luby

Yesterday's sharp downward move in the VIX gave me a reason to tweet that the ...

VIX Sets New Record with Nine Up Days in a Row
Mon, Nov 7, 8:11 AM ET, by Bill Luby

Over the course of the past few days I have been tracking the slow grind ...

How to Play a Volatility Spike (Guest Columnist at Barron's)
Sun, Nov 6, 6:11 PM ET, by Bill Luby

Yesterday, I was pleased to once again have an opportunity to pen a guest column ...

VIX Median Reversion and Five-Year Moving Averages
Wed, Nov 2, 1:51 PM ET, by Bill Luby

When people talk about the VIX you often hear them refer to mean reversion, which ...

Economic Data Surprise Index Shows Continued Weakness
Wed, May 18, 11:41 AM ET, by Bill Luby

Today we get another glimpse into the behind-the-scenes machinations of the "data dependent" Federal Open ...

Updated VIX ETP Landscape, Including VMAX and VMIN
Tue, May 17, 1:11 PM ET, by Bill Luby

Now that the recently launched REX VolMAXX Long VIX Weekly Futures Strategy ETF (VMAX) and ...

VMAX and VMIN Poised to Be Most Important VIX ETP Launch in Years
Tue, May 3, 8:11 AM ET, by Bill Luby

REX Shares is launching two new VIX exchange-traded products on Tuesday in what is likely ...

Playing Volatile Oil Prices (Guest Columnist at Barron's)
Sat, Mar 12, 8:41 PM ET, by Bill Luby

Today I penned my eighteenth guest column for Barron's, filling in for Steve Sears and ...

The Year in VIX and Volatility (2015)
Tue, Jan 5, 3:52 PM ET, by Bill Luby

Every year one of my most-read posts is my annotated overview of the year in ...

Every Single VIX ETP (Long and Short) Lost Money in 2015
Mon, Jan 4, 8:12 AM ET, by Bill Luby

Just one month ago, in The Current VIX ETP Landscape, I plotted all twenty-four VIX ...

The Case Against High Stock-Market Volatility in 2016 (Guest Columnist at Barron's)
Sat, Jan 2, 3:52 PM ET, by Bill Luby

About a month ago, when Steve Sears and Barron's asked if I would be interested ...

Enhancing Performance with Low Volatility ETPs
Mon, Dec 28, 12:22 PM ET, by Bill Luby

One theme that I will spend more time on in 2016 and beyond is the ...

The Current VIX ETP Landscape
Mon, Dec 7, 8:12 AM ET, by Bill Luby

I have been writing about VIX ETPs since the launch of the initial duo of ...

VIX Weekly Futures and Options Expire Tomorrow (Tuesday); Last Trading Day Is Today
Mon, Nov 23, 1:22 PM ET, by Bill Luby

Just a quick public service announcement to remind traders of VIX futures and options that ...

China Growth and Market Structural Integrity Top List of Fear Poll Concerns
Thu, Sep 3, 8:11 AM ET, by Bill Luby

After a hiatus of almost a year (the October 2014 pullback, to be exact), I ...

VIX and More Fear Poll for September 2015
Tue, Sep 1, 5:51 PM ET, by Bill Luby

http://static.polldaddy.com/p/8376852.js"> http://polldaddy.com/poll/8376852/">Which of the following makes you most fearful, anxious or uncertain about the stock ...

Third Biggest and Second Longest SPX Peak to Trough Pullback Since March 2009
Mon, Aug 24, 8:51 PM ET, by Bill Luby

Nary a pullback goes by without at least a handful of requests to update my ...

Last Two Days Are #5 and #6 One-Day VIX Spikes in History
Mon, Aug 24, 6:11 PM ET, by Bill Luby

Many readers have commented that one of their favorite of my regular graphics is the ...

Seizing Opportunity From Stock Market Volatility (Guest Columnist at Barron's)
Sun, Jul 12, 8:11 AM ET, by Bill Luby

Steve Sears and I have a running joke that whenever I am tapped as a ...

Today's 34% VIX Spike and What to Expect Going Forward
Mon, Jun 29, 9:41 PM ET, by Bill Luby

One of the top posts of 2013 was All-Time VIX Spike #11 (and a treasure ...

Longest SPX Peak to Trough Pullback Since 2012
Mon, Jun 29, 8:11 PM ET, by Bill Luby

I have been quiet in this space as of late, but there is nothing like ...

Average Annual Normalized VIX Futures Term Structure, 2004-2014
Wed, Jan 28, 8:11 AM ET, by Bill Luby

One graphic I post periodically that never fails to generate a great deal of interest ...

The Year in VIX and Volatility (2014)
Mon, Jan 26, 8:11 AM ET, by Bill Luby

This is the seventh year in a row I have offered a retrospective look at ...

Top Posts of 2014
Sun, Jan 25, 5:51 PM ET, by Bill Luby

Since I launched VIX and More some eight plus years ago, I have devoted one ...

2014 Had Third Highest Number of 20% VIX Spikes
Tue, Jan 6, 1:11 PM ET, by Bill Luby

By most measures, one would think that 2014 was a relatively quiet year for the ...

How to Ride an Aging Bull (Guest Columnist at Barron's)
Mon, Dec 1, 8:11 AM ET, by Bill Luby

Yesterday marked the fifteenth time I have served as a guest columnist for The Striking ...

Fear Poll: Fed/QE, Ebola and Technicals Top Worry List
Thu, Oct 16, 11:51 AM ET, by Bill Luby

Stocks may be in the process of putting in a bottom, but with the VIX ...

VIX and More Fear Poll
Wed, Oct 15, 2:41 PM ET, by Bill Luby

Which of the following makes you most fearful, anxious or uncertain about the stock market?. ...

Largest SPX Pullback of 2014 Hits 6.4%
Mon, Oct 13, 1:51 PM ET, by Bill Luby

Every time there is a pullback, it seems as if I receive multiple requests for ...

Song for My Father*
Sat, Oct 4, 6:51 PM ET, by Bill Luby

My father passed away this summer and in the intervening period I set aside my ...

Low Volatility: How To Profit From a Quiet VIX (Guest Columnist at Barron's)
Thu, May 22, 4:51 PM ET, by Bill Luby

Today I was once again a guest columnist at Barron's, penning Low Volatility: How to ...

The Correction As Seen in the ETP Landscape
Tue, Apr 15, 3:11 PM ET, by Bill Luby

Since stocks bottomed in March 2009, I have periodically been publishing an SPX pullback table ...

CBOE RMC 2014: A Retrospective
Mon, Mar 31, 8:11 AM ET, by Bill Luby

Earlier this month, I had the pleasure of attending the CBOE Risk Management Conference (RMC) ...

The Turnaround in Emerging Markets and VXEEM
Sun, Mar 30, 8:11 AM ET, by Bill Luby

While I have a long way to go before I become the next Manny Mota, ...

VIX March Futures and Options Expiration on Tuesday, Not Wednesday
Fri, Mar 14, 2:11 PM ET, by Bill Luby

Just a quick reminder for those who may not be aware of it that the ...

CBOE Risk Management Conference, the VIX and Volatility Summit, Begins in One Week
Tue, Mar 11, 8:11 AM ET, by Bill Luby

The CBOE calls it the CBOE Risk Management Conference and I like to think of ...

A Very Middling Pullback, So Far
Tue, Feb 4, 1:11 PM ET, by Bill Luby

Nary a selloff goes by these days without at least a handful of readers asking ...

VXX and VXZ Now Five Years Old!
Fri, Jan 31, 3:11 PM ET, by Bill Luby

In the midst of all the emerging markets turmoil, I wanted to take a moment ...

Top Posts of 2013
Sun, Jan 26, 9:31 PM ET, by Bill Luby

Every year I tabulate the most-read posts in this space as a way to monitor ...

Was the VIX Too Low in 2013? No…
Thu, Jan 2, 8:11 AM ET, by Bill Luby

There was a time when investors would generally fret about the VIX being "too high" ...

VIX Futures Term Structure in 2013 Looks a Lot Like 2012
Wed, Jan 1, 8:11 AM ET, by Bill Luby

This was a very quiet year for the VIX, with the volatility index posting its ...

The Evolution of the Holiday Effect in VIX Futures
Mon, Nov 4, 8:12 AM ET, by Bill Luby

[The following originally appeared in the November 2012 edition of Expiring Monthly: The Option Traders ...

Halloween Monsters
Thu, Oct 31, 2:42 PM ET, by Bill Luby

In the spirit of the day and lacking the resources and imagination to do something ...

The New VXST and the VXST:VIX Ratio
Thu, Oct 24, 1:52 PM ET, by Bill Luby

At the beginning of the month several interesting announcements came out of the CBOE Risk ...

Performance of VIX ETPs During the Recent Debt Ceiling Crisis
Thu, Oct 24, 8:12 AM ET, by Bill Luby

Since the first big wave of VIX ETPs hit in 2010, I have periodically plotted ...

A History of the VIX During Recent Debt Ceiling and Sequestration Battles
Tue, Oct 8, 1:22 PM ET, by Bill Luby

Democrats and Republicans have been fighting over budgets and related matters since before any of ...

Event Risk, Event Theta and the Next Week
Fri, Oct 4, 1:32 PM ET, by Bill Luby

Weekends pose an interesting set of problems for the investor/trader, particularly when there is an ...

Revisiting the VIX:VXV Ratio
Sun, Sep 15, 8:12 AM ET, by Bill Luby

Two of my favorite bloggers, who hail from very different corners of the investment landscape, ...

Best VIX/Volatility/Risk Conference of 2013?
Sat, Sep 14, 7:52 PM ET, by Bill Luby

I am going to go out on a limb and project that the second annual ...

Watching Two Key Emerging Markets Currencies
Thu, Aug 29, 8:11 AM ET, by Bill Luby

With Syria and the Fed grabbing most of the headlines in the last few days, ...

Pricing of VIX August and September Calls
Tue, Aug 20, 2:41 PM ET, by Bill Luby

The monthly VIX futures and options expiration is a fascinating time from an options strategy ...

SPX Pullback Table: The Fall From 1709
Thu, Aug 15, 11:11 AM ET, by Bill Luby

I can't remember the last time that the S&P 500 index pulled back a little ...

Expanded Performance of Volatility-Hedged and Related ETPs
Wed, Aug 14, 1:31 PM ET, by Bill Luby

When I recently assembled Top Posts of 2013 (Through First Half of Year), several themes ...

Fox Business TV Appearance on Gerri Willis Show
Fri, Aug 9, 2:21 PM ET, by Bill Luby

Last month I wrote a guest column for The Striking Price on behalf of Steven ...

Updates for Newsletter/Stock of the Week and EVALS; Launch of New Investment Management Business
Mon, Aug 5, 7:11 PM ET, by Bill Luby

Just a quick note to inform readers that I recently provided updates and some performance ...

Guest Columnist at The Striking Price for Barron's: How to Spot Risk Early
Tue, Jul 16, 2:31 PM ET, by Bill Luby

Today's guest column, How to Spot Risk Early, at The Striking Price on behalf of ...

Charting the Recent Decline of the BRIC Components
Tue, Jul 2, 1:11 PM ET, by Bill Luby

U.S. stocks are mostly green in today's session, though there is a good deal of ...

Top Posts of 2013 (Through First Half of Year)
Mon, Jul 1, 2:31 PM ET, by Bill Luby

Every year I tabulate the most-read posts in this space as I find this exercise ...

VIX Futures Margin Requirements to Increase After Today's Close
Thu, Jun 27, 2:51 PM ET, by Bill Luby

A number of readers have expressed concern to me privately about today's increase in the ...

VXTYN Measures Volatility in U.S. Treasuries and Potential Spillover Effect
Tue, Jun 25, 1:41 PM ET, by Bill Luby

Recently I have been highlighting some non-traditional measures of volatility and risk in the financial ...

All About the Pullback from SPX 1687
Fri, Jun 21, 8:11 AM ET, by Bill Luby

Today the S&P 500 index fell 2.5% and at its low was more than 102 ...

VXEEM as a Measure of Emerging Markets Volatility and Risk
Thu, Jun 20, 1:11 PM ET, by Bill Luby

If you think U.S. stocks have been through a rough patch as of late, then ...

VIX and SPX During the 1994 Interest Rate Hike Cycle
Tue, Jun 18, 12:41 PM ET, by Bill Luby

With yesterday's The VIX and the Pre-FOMC + Post-FOMC Trades post in the books, it ...

The VIX and the Pre-FOMC + Post-FOMC Trades
Mon, Jun 17, 1:21 PM ET, by Bill Luby

Back in December 2008, in VIX Trends Around FOMC Announcement Days, I posted a chart ...

Using DXJ to Monitor Developments in Japanese Equities, Currency and Risk
Fri, Jun 14, 1:31 PM ET, by Bill Luby

Since Tuesday's The Currency Carry Trade, DBV and Risk clearly resonated with quite a few ...

ISEE Equities Only Index Prints Something Not Seen Since March 6, 2009
Thu, Jun 13, 2:11 PM ET, by Bill Luby

Put to call ratios are a permanent fixture in my indicator stable and something I ...

The Currency Carry Trade, DBV and Risk
Wed, Jun 12, 8:11 AM ET, by Bill Luby

Anyone who has been active in the financial markets during the past five years knows ...

The Fed, QE, the Economy and Goldilocks 2.0
Fri, May 17, 3:21 PM ET, by Bill Luby

It was never easy being a central banker and the job has become much more ...

ETPs Turn to Selling Options to Generate Income
Fri, May 17, 8:11 AM ET, by Bill Luby

Not long after I penned The Options and Volatility ETPs Landscape, Credit Suisse (CS) added ...

Four Years of SPX Pullbacks in One Plot
Thu, Apr 18, 11:31 AM ET, by Bill Luby

Each time stocks correct, I invariably receive requests from readers to update my SPX pullback ...

The Low Volatility Story in Pictures
Fri, Mar 22, 2:21 PM ET, by Bill Luby

Lately I have not been able to help being bombarded by articles extolling the virtues ...

Another Record in VIX Call Volume
Wed, Mar 20, 8:12 AM ET, by Bill Luby

Exactly three weeks ago today, I thought I would break some news on an intraday ...

Lowest VIX Close Since Day Before Biggest VIX Spike Ever
Mon, Mar 11, 4:32 PM ET, by Bill Luby

I'm generally not one for sensationalist headlines, fear-mongering or otherwise stirring up trouble unnecessarily, but ...

The VIX, Interpolation and the Roll
Mon, Mar 11, 3:12 PM ET, by Bill Luby

Almost every month, some subset of the class of investors and journalists expresses extreme alarm ...

Some Thoughts on the CBOE RMC
Wed, Mar 6, 3:42 PM ET, by Bill Luby

The 29th Annual CBOE Risk Management Conference (RMC), wound down yesterday, proving that while Chicagoans ...

The Options and Volatility ETPs Landscape
Thu, Feb 28, 4:12 PM ET, by Bill Luby

For several years I have publishing a graphical overview of the VIX ETPs landscape, with ...

Beyond SPLV: The Expanding Universe of Low Volatility ETPs
Wed, Feb 27, 3:12 PM ET, by Bill Luby

The spike in volatility that hit a climax on Monday has apparently passed with the ...

Record VIX Options Volume and Large Purchases of VIX Calls
Tue, Feb 26, 3:42 PM ET, by Bill Luby

With about a half hour left in today's trading session, purchases of VIX options are ...

Updated SPX Pullback Summary Table for SPX 1485
Tue, Feb 26, 12:32 PM ET, by Bill Luby

One of the graphics that I receive many request for and is my SPX pullback ...

Best VIX Conference of the Year? Try the CBOE RMC
Tue, Feb 26, 8:12 AM ET, by Bill Luby

Since everyone wants to talk about the VIX right now and I often get asked ...

All-Time VIX Spike #11 (and a treasure trove of VIX spike data)
Mon, Feb 25, 7:52 PM ET, by Bill Luby

Today was one of those days that caught a lot of people off guard. Halfway ...

VXX and VXZ Celebrate Fourth Birthday
Thu, Jan 31, 8:12 AM ET, by Bill Luby

What better way to celebrate your birthday than by ripping off a huge gain. That's ...

New Updates for Newsletter and EVALS
Tue, Jan 22, 8:12 AM ET, by Bill Luby

This is a quick update to let readers know that I have recently posted detailed ...

ZIV Starting to Gain Momentum
Mon, Jan 21, 5:12 PM ET, by Bill Luby

One year ago, I wrote ZIV Undeservedly Neglected when ZIV was trading about 5,000 shares ...

The Inverted Percentile VIX
Fri, Jan 18, 2:22 PM ET, by Bill Luby

Of the many reasons that investors have a tendency to struggle with an interpretation of ...

Investor Fears Pivot to U.S. Deficit and Debt Ceiling Following Cliff Deal
Mon, Jan 7, 1:12 PM ET, by Bill Luby

Just one week after Democrats and Republicans cobbled together a last-minute fiscal cliff deal, investors ...

VIX ETP Performance in 2012
Fri, Jan 4, 2:22 PM ET, by Bill Luby

For anyone who pays attention to the VIX exchange-traded products space, 2012 was the year ...

The Year in VIX and Volatility (2012)
Wed, Jan 2, 10:52 AM ET, by Bill Luby

Every year I assemble a chart that is my retrospective look at the year in ...

Top Posts of 2012
Tue, Jan 1, 8:12 AM ET, by Bill Luby

Every year I tabulate the most-read posts in this space as I find this exercise ...

Just a Change of Venue? (Fears About U.S. Deficit/Debt Ceiling Replacing Fiscal Cliff Worries)
Mon, Dec 31, 12:52 PM ET, by Bill Luby

With the U.S. fiscal cliff negotiations going down to the wire, it is not surprising ...

Portfolio Insurance for (Almost) Free
Mon, Dec 31, 8:12 AM ET, by Bill Luby

A lot of strange things happened in the financial markets late on Friday afternoon and ...

Fiscal Cliff Widens Lead as #1 Investor Concern
Mon, Dec 24, 12:42 PM ET, by Bill Luby

Extending a recent trend, the U.S. fiscal cliff topped the list of investor threats to ...

Volatility During Crises
Fri, Dec 21, 10:32 AM ET, by Bill Luby

[The following first appeared in the August 2011 edition of Expiring Monthly: The Option Traders ...

The Resurrection of TVIX
Wed, Dec 19, 8:12 AM ET, by Bill Luby

It has been quite a year for TVIX, formally known as the VelocityShares Daily 2x ...

Fiscal Cliff Continues to Top Fear Poll
Mon, Dec 17, 1:12 PM ET, by Bill Luby

In a week in which there appears to have been little progress in the U.S. ...

Apple and Yahoo! Moving in Opposite Directions (Again)
Fri, Dec 14, 3:12 PM ET, by Bill Luby

Over the years it has not been difficult to find charts in which Apple (AAPL) ...

Fear Poll Respondents Focus on Fiscal Cliff, Dismissive of European Financial Crisis
Tue, Dec 11, 8:12 AM ET, by Bill Luby

For the eighth week in a row, concerns about the U.S. fiscal cliff topped the ...

Unusual Twist in VIX Futures Term Structure as of Late
Fri, Dec 7, 2:12 PM ET, by Bill Luby

Even with the U.S. fiscal cliff grabbing all the headlines and keeping the VIX from ...

Fear of Governments and Politicians Climb Rapidly as Euro Zone Worries Wane
Mon, Dec 3, 12:52 PM ET, by Bill Luby

While concerns about the U.S. fiscal cliff topped the VIX and More weekly fear poll ...

EVALS Details Performance Data for First Year
Sun, Dec 2, 8:12 AM ET, by Bill Luby

For the most part, I try to keep information about the VIX and More Subscriber ...

XIV and ZIV Are Huge Success Stories Two Years After Launching
Fri, Nov 30, 12:42 PM ET, by Bill Luby

It was two years ago today that VelocityShares launched their six VIX-based exchange-traded products and ...

Fiscal Cliff Concerns Top Fear Poll, But Central Banks and Politicians Seen as Key Systemic Threats
Mon, Nov 26, 1:12 PM ET, by Bill Luby

Concerns about the U.S. fiscal cliff continued to top the VIX and More weekly fear ...

Fiscal Cliff and European Sovereign Debt Concerns Recede, Earnings Worries Linger
Mon, Nov 19, 1:12 PM ET, by Bill Luby

Concerns about the U.S. fiscal cliff and the European sovereign debt crisis both declined over ...

Guest Columnist at The Striking Price for Barron's: Calm Down and Exploit Others' Anxieties
Mon, Nov 19, 8:12 AM ET, by Bill Luby

On Wednesday I had an opportunity to serve as a guest columnist for The Striking ...

Fear Poll: Fiscal Cliff Fears Spike, Concerns About Excessive Central Bank Intervention Rise
Mon, Nov 12, 12:52 PM ET, by Bill Luby

For the fourth week in a row, the U.S. fiscal cliff topped the list of ...

The Rise of Fiscal Cliff Concerns
Sun, Nov 11, 2:12 PM ET, by Bill Luby

How much of the recent selloff in stocks has been triggered by media's sudden obsession ...

Performance of VIX ETPs During Current Pullback
Thu, Nov 8, 7:12 PM ET, by Bill Luby

Of all the issues discussed in this space, undoubtedly the one that captures the imagination ...

SPX Pullback Hits 5.9%, Fourth Longest Drawdown Since March 2009 Bull Began
Wed, Nov 7, 12:52 PM ET, by Bill Luby

The S&P 500 index fell as low as 1388 today, down 86 points or 5.9% ...

Fiscal Cliff Worries Grow As Election Nears
Mon, Nov 5, 12:52 PM ET, by Bill Luby

Anxiety over the outcome of the U.S. fiscal cliff topped the list of investor fears ...

How High Might the VIX Spike?
Mon, Nov 5, 12:12 PM ET, by Bill Luby

Given all the drama in the euro zone, not to mention the fiscal cliff, the ...

Stocks and Economic Data Continue to Move in Opposite Directions
Fri, Nov 2, 6:42 PM ET, by Bill Luby

Four months ago, in The Economic Data Cliff, I discussed the rapidly deteriorating economic data ...

EuroCurrency Volatility Index (EVZ) at Lowest Level Since March 2008, Diverges from VIX
Thu, Nov 1, 8:12 AM ET, by Bill Luby

Since its launch in August 2008, the CBOE EuroCurrency Volatility Index (ticker EVZ, sometimes known ...

U.S. Fiscal Cliff Fears Top VIX and More Fear Poll Again
Mon, Oct 29, 1:32 PM ET, by Bill Luby

For the second week in a row, investors cited the U.S. fiscal cliff as the ...

Weekly VIX and More Fear Poll (Closes Monday, 9 AM PT)
Fri, Oct 26, 6:12 PM ET, by Bill Luby

Thanks to all who responded to last week's inaugural VIX and More Fear Poll, which ...

U.S. Fiscal Cliff Concerns Top Results in Inaugural VIX and More Fear Poll
Mon, Oct 22, 12:52 PM ET, by Bill Luby

Today I closed the books on the first VIX and More Fear Poll, which I ...

VIX and More Fear Poll
Sun, Oct 21, 8:12 PM ET, by Bill Luby

For a long time I have thought about the usefulness of having a poll in ...

The 2012 VIX Futures Term Structure as an Outlier
Sun, Oct 21, 7:52 PM ET, by Bill Luby

Investors who have been trading the VIX futures, VIX options and VIX exchange-traded products in ...

Ratio of VIX to Realized Volatility Higher Than Any Year Since 1996
Wed, Oct 17, 8:12 AM ET, by Bill Luby

Before I dive into a series of posts about the VIX futures, I think it ...

Violent Disagreement Across VIX Futures
Mon, Oct 15, 8:12 AM ET, by Bill Luby

Something strange has happened to the VIX futures in 2012: for the first time in ...

EVALS and the Stock of the Week Continue to Post Impressive Numbers
Sun, Oct 14, 7:22 PM ET, by Bill Luby

Lately I have been fielding a bunch of questions about the VIX and More Subscriber ...

Updating the Legacy of Post-2009 Corrections
Mon, Sep 17, 3:52 PM ET, by Bill Luby

Of all the periodic themes that I update in this space, the one that always ...

Updates to VIX ETP Landscape: Add VIXH; Drop 12 UBS Products
Mon, Sep 10, 1:42 PM ET, by Bill Luby

Two thirds of 2012 passed before we saw the first new VIX-based exchange-traded product and ...

What If Stocks Decline?
Fri, Aug 17, 12:42 PM ET, by Bill Luby

Successful investors are the ones that are always making plans for all sorts of contingencies, ...

A VIX Risk Reversal
Thu, Aug 16, 1:12 PM ET, by Bill Luby

With the VIX at about 14.50 as I type this and a large group of ...

How Can the VIX Be 14 and Lower than VIN and VIF?
Mon, Aug 13, 2:12 PM ET, by Bill Luby

Many novice and advanced VIX followers are scratching their heads today, wondering why the VIX ...

Another Way to Play Short EUR/USD: Travel!
Tue, Aug 7, 12:42 PM ET, by Bill Luby

There are many ways to translate an opinion about the financial markets into a particular ...

Crazy VIX:VXV Ratio Chart
Fri, Jul 20, 8:12 AM ET, by Bill Luby

There was a point in the history of VIX and More that I gave serious ...

Why VIX Puts Get Cheaper in More Distant Months
Tue, Jul 17, 1:12 PM ET, by Bill Luby

Today I fielded several questions related to the valuation of VIX puts - a subject ...

Trading Options in CORN
Tue, Jul 17, 8:12 AM ET, by Bill Luby

I am firmly of the Jim Cramer school of thinking that believes, "There is always ...

Rally Leaves Spanish Banks Behind
Fri, Jul 13, 1:42 PM ET, by Bill Luby

Stocks are firing on all cylinders today, with the S&P 500 index up more than ...

Chart of the Week: As Goes Spain…
Sat, Jul 7, 4:42 PM ET, by Bill Luby

Two years ago today, in Spain rallies, I posted a chart of the Spanish ETF, ...

The Economic Data Cliff
Fri, Jul 6, 1:32 PM ET, by Bill Luby

Just a little over a month ago, in Worst Post-2009 Week in Economic Data Relative ...

Recent Corn Rally in Context of Twenty Years of Corn Futures Prices
Thu, Jul 5, 12:22 PM ET, by Bill Luby

Since the launch of the Teucrium Commodity Trust Corn Fund ETF (CORN) in June 2010, ...

Chart of the Week: VIX Reversal Signal Coming Soon?
Mon, Jul 2, 2:22 PM ET, by Bill Luby

Sometimes the simplest ways to analyze the VIX are the best. The chart of the ...

Top Posts of 2012 (Through the First Half of the Year)
Fri, Jun 29, 4:12 PM ET, by Bill Luby

Every year I tabulate the most-read posts in this space and as the halfway mark ...

The Evolution of European Equity Risk
Thu, Jun 28, 12:22 PM ET, by Bill Luby

There are many ways in which investors can evaluate risk related to the euro zone. ...

Huge Gap Between VIX IV and HV, But Is The Direction Wrong?
Wed, Jun 27, 3:12 PM ET, by Bill Luby

It is not that difficult to come up with data and charts that have many ...

Euro Volatility and Risk
Wed, Jun 27, 1:12 PM ET, by Bill Luby

With the euro zone summit looming, investors are scrambling to find all sorts of measuring ...

Tracking the Fall in VIX Futures
Tue, Jun 19, 3:12 PM ET, by Bill Luby

The last four days have seen a dramatic decline in all things related to the ...

Performance of Volatility-Hedged ETPs
Fri, Jun 15, 1:22 PM ET, by Bill Luby

An emerging area of interest in the markets in general and in this space in ...

Greek Elections and the Future of the Euro
Tue, Jun 12, 3:52 PM ET, by Bill Luby

While this week's news cycle has been Spain, Spain, Italy and Spain so far (reminiscent ...

Chart of the Week: The St. Louis Financial Stress Index and Market Risk
Mon, Jun 11, 8:12 AM ET, by Bill Luby

Determining the risk in the financial markets should get easier with more data, more measures ...

New and Noteworthy: VIXcentral.com
Sun, Jun 10, 8:12 AM ET, by Bill Luby

As a blog where the central focus is on the VIX and related subjects, I ...

A Favorite Trade: VXX Weeklys
Fri, Jun 8, 1:32 PM ET, by Bill Luby

I might as well admit this up front: weekly options are one of my favorite ...

Current 9.8% Pullback Is Third Largest Since March 2009
Fri, Jun 1, 12:12 PM ET, by Bill Luby

A little more than two hours into today's trading session, the S&P 500 index appears ...

Worst Post-2009 Week in Economic Data Relative to Expectations
Fri, Jun 1, 11:12 AM ET, by Bill Luby

This week ties the record for the worst week ever in terms of economic data ...

A Conversation with Tadas Viskanta of Abnormal Returns
Wed, May 30, 8:12 AM ET, by Bill Luby

Tadas Viskanta is the founder, editor and curator of the Abnormal Returns blog, where investors ...

Investing with a Target Volatility Approach
Fri, May 25, 1:42 PM ET, by Bill Luby

Since I mentioned one of my favorite ETP sites earlier today [the more I think ...

Best Post of the Year on Exchange-Traded Products
Fri, May 25, 12:32 PM ET, by Bill Luby

Before the long weekend is upon us, I wanted to highlight a real tour de ...

First Day of Trading in Nasdaq-100 Volatility Index (VXN) Futures
Fri, May 25, 8:12 AM ET, by Bill Luby

You really need a scorecard to keep up with the new product launches at the ...

A Million SPX Put Contracts Traded Today…a Contrarian Timing Signal
Thu, May 17, 3:42 PM ET, by Bill Luby

With a half hour to go in today's trading session, over one million put contracts ...

Cheating with Partial Hedges
Wed, May 16, 8:12 AM ET, by Bill Luby

[The following first appeared in the May 2011 edition of Expiring Monthly: The Option Traders ...

A Look at the Pullbacks of the 2009-2012 Bull Market
Tue, May 15, 6:52 PM ET, by Bill Luby

At various times over the past three years, I have been posting a table that ...

Handicapping the Chances of Greece Dropping the Euro
Mon, May 14, 7:42 PM ET, by Bill Luby

Understanding all the moving parts in the European sovereign debt crisis can be a Herculean ...

Looks Like Apple VIX (VXAPL) Futures Are Coming Soon
Thu, May 10, 2:42 PM ET, by Bill Luby

In case anyone missed it, I wanted to highlight a report yesterday from Reuters which ...

The Hollande Discount
Mon, May 7, 8:12 AM ET, by Bill Luby

With a little more than an hour to go before the equity markets open in ...

How Big are Weekly Options? Check out Groupon…
Fri, May 4, 2:32 PM ET, by Bill Luby

One week ago, in Weekly Options Coming on Strong, I noted that weekly options now ...

Guest Columnist at The Striking Price for Barron's: Why I Am Short Fear
Thu, May 3, 2:12 PM ET, by Bill Luby

Today I am a guest columnist for The Striking Price on behalf of Steven Sears ...

An Aroon Stalemate for S&P 500 Index
Wed, May 2, 8:12 AM ET, by Bill Luby

While the bias in stocks for the past three years and two months has definitely ...

Chart of the Week: Sector Winners and Losers
Mon, Apr 30, 8:12 AM ET, by Bill Luby

While there was a lot going on in the sector space during the rally from ...

Weekly Options Coming on Strong
Fri, Apr 27, 11:42 AM ET, by Bill Luby

When the CBOE made a push to expand interest in weekly options about two years ...

Whither Social Media Stocks?
Thu, Apr 26, 12:52 PM ET, by Bill Luby

Back in October 2007, sensing a little too much froth in the stock market, I ...

A Brief History of Apple Earnings, in Pictures
Tue, Apr 24, 3:42 PM ET, by Bill Luby

If a picture is worth a thousand words, then perhaps I can save at least ...

The Case for Selling Apple Puts
Fri, Apr 20, 12:22 PM ET, by Bill Luby

Lately it seems as if everyone with a keyboard is aflutter about the two weeks ...

Stocks and Economic Data on Upswing Despite Disappointing Manufacturing and Housing Numbers
Tue, Apr 17, 11:52 AM ET, by Bill Luby

In many respects, today is a microcosm of the first 4 months of 2012: industrial ...

Chart of the Week: Don't Blame China
Sun, Apr 15, 7:22 PM ET, by Bill Luby

Last week's financial headlines were dominated by Spain and China. In the case of Spain, ...

Banco Santander Finally Tackles One Huge Problem: Its Ticker
Fri, Apr 13, 12:22 PM ET, by Bill Luby

With Spain firmly in the crosshairs of Act N+1 of the European sovereign debt crisis, ...

Buying SVXY Calls when the VIX Spikes
Thu, Apr 12, 2:22 PM ET, by Bill Luby

Based upon some of the emails I have received this week, it appears that a ...

Performance of VIX ETP Hedges in Current Selloff
Wed, Apr 11, 8:12 AM ET, by Bill Luby

It was only a week ago that I discussed the performance of 31 VIX and ...

E-Mini S&P 500 Futures Fall 1.4% on Disappointing Nonfarm Payrolls
Fri, Apr 6, 2:12 PM ET, by Bill Luby

In case you missed it earlier this morning, after a nonfarm payrolls report that indicated ...

VIX Premium to SPX Historical Volatility at Record High in Q1
Wed, Apr 4, 2:42 PM ET, by Bill Luby

Back in September 2010, in VIX and Historical Volatility Settling Back into Normal Range, I ...

VIX ETP Returns for Q1 2012
Tue, Apr 3, 1:22 PM ET, by Bill Luby

Back in my consulting days, I convinced myself that there were times were an ugly ...

TVIX Premium to Indicative Value Creeping Back Up…
Mon, Apr 2, 7:12 PM ET, by Bill Luby

If you thought the TVIX (VelocityShares Daily 2x VIX Short-Term ETN) story was behind us, ...

EVALS Update and a Look Under the Hood
Sun, Apr 1, 4:32 PM ET, by Bill Luby

I have fielded so many questions about EVALS that I finally decided to put up ...

Why Not Point Hedges?
Fri, Mar 30, 2:32 PM ET, by Bill Luby

When most people think of hedges, they think in broad terms like hedging an entire ...

New Single Day High in ISEE Equities Only Index on Monday
Thu, Mar 29, 1:42 PM ET, by Bill Luby

Lost in all the hoopla over the VelocityShares Daily 2x VIX Short-Term ETN (TVIX) was ...

Another Spike in VXX Volume
Thu, Mar 29, 8:12 AM ET, by Bill Luby

Looking the history of the volume spikes in the iPath S&P 500 VIX Short-Term Futures ...

VXX, VXZ, XIV and ZIV During Eleven Months of a Sideways VIX
Wed, Mar 28, 8:12 AM ET, by Bill Luby

The VIX closed at 15.59 today, just 0.03 points lower than the close of 15.62 ...

Options on UVXY and SVXY Open Up New VIX ETP Trading Approaches
Tue, Mar 27, 12:52 PM ET, by Bill Luby

Whether or not I find it useful to flog the wounded horse otherwise known as ...

Q&A: VXX Declines, Yet April 20 Calls Rise
Mon, Mar 26, 2:32 PM ET, by Bill Luby

A reader asked earlier today: Can you explain to a newbie why VXX is down ...

TVIX Creation Units Return; What It Means for Investors
Fri, Mar 23, 8:12 AM ET, by Bill Luby

One month and one day after Credit Suisse (CS) announced the suspension of new creation ...

The IMOS Saga, Cramer and Options
Thu, Mar 22, 2:12 PM ET, by Bill Luby

I must admit that when I first posted about ChipMOS Technologies (Bermuda) LTD (IMOS) two ...

The Dangers of Anticipating a Market Reversal
Wed, Mar 21, 1:12 PM ET, by Bill Luby

Raise your hand if you are anticipating a bearish reversal in stocks in the near ...

IMOS Up 54% in Two Weeks; IV Still Lags HV
Tue, Mar 20, 2:52 PM ET, by Bill Luby

ChipMOS Technologies (Bermuda) LTD (IMOS), is up 54% in two weeks and slightly less than ...

Highlighting Newsletter Content Focus with Content Pyramid
Fri, Mar 16, 7:32 PM ET, by Bill Luby

I periodically receive questions about what is included in the subscriber newsletter that is not ...

Third Steepest First-Second VIX Futures Contango Ever
Wed, Mar 14, 12:32 PM ET, by Bill Luby

For a variety of reasons, investors seem unwilling to embrace the current rally and with ...

A VIX of 15!?! Meet the New Reality
Tue, Mar 13, 3:32 PM ET, by Bill Luby

When the VIX recently slid below 20.00 for an extended period, I sensed a noticeable ...

Economic Data vs. Expectations: Stocks and Employment Data Rallying Since October
Sun, Mar 11, 7:22 PM ET, by Bill Luby

Five weeks ago, in Economic Data: Divergence or Confirmation for Stocks? I looked at some ...

IMOS Breaking Out, But Implied Volatility Fails to React
Fri, Mar 9, 8:11 AM ET, by Bill Luby

While I generally trade more ETPs than single stocks, I am always keeping an eye ...

Is TVIX Now Just a More Docile UVXY?
Wed, Mar 7, 1:11 PM ET, by Bill Luby

Today is the eleventh trading day since Credit Suisse (CS) announced a suspension of new ...

Putting the Current 2.6% SPX Pullback in Recent Historical Context
Tue, Mar 6, 12:51 PM ET, by Bill Luby

Since the beginning of the current bull market - which bottomed at 666.79 exactly three ...

VXEEM vs. VIX Indices and Futures in Today's Selloff
Tue, Mar 6, 11:21 AM ET, by Bill Luby

Stocks have been eerily quiet for the first ten weeks of 2012, with only four ...

Volatility Indices vs. Futures
Mon, Mar 5, 8:11 AM ET, by Bill Luby

The CBOE Volatility Index, also known as the VIX, is the most famous and widely ...

Recent Research Projects and Expiring Monthly
Sun, Mar 4, 8:11 AM ET, by Bill Luby

It occurred to me than in a recent post, Five Years of VIX and More, ...

Dynamic VIX ETPs at Long-Term Hedges
Fri, Mar 2, 1:11 PM ET, by Bill Luby

With the huge contango in the VIX futures term structure at the moment, anyone who ...

Recent TVIX Volume and VIX Futures Volume
Wed, Feb 29, 1:31 PM ET, by Bill Luby

I managed to let a couple of days pass without mentioning the suddenly white-hot topic ...

ETRACS Volatility ETPs
Wed, Feb 29, 8:11 AM ET, by Bill Luby

While the likes of TVIX and UVXY have become overnight sensations during the last few ...

The Biggest VIX Spike Ever: A Retrospective
Mon, Feb 27, 1:11 PM ET, by Bill Luby

Here is a thought experiment: when was the biggest one day VIX spike ever recorded? ...

All About UVXY
Mon, Feb 27, 8:11 AM ET, by Bill Luby

With the media feeding frenzy surrounding the VelocityShares Daily 2x VIX Short-Term ETN (TVIX) during ...

The Story of VIX ETPs Relative to their Intraday Indicative Values
Fri, Feb 24, 12:21 PM ET, by Bill Luby

This week has seen an explosion of interest in the VIX exchange-traded product (ETP) space, ...

TVIX Premium Spikes to 13%
Thu, Feb 23, 12:11 PM ET, by Bill Luby

A little more than two hours into today's regular trading session, the premium in TVIX ...

The Ups and Downs of the New Premium in TVIX
Wed, Feb 22, 12:21 PM ET, by Bill Luby

After 2 hours of trading in today's regular session, it looks as if the market ...

Credit Suisse Suspends Creation Units in TVIX: What It Means
Wed, Feb 22, 8:11 AM ET, by Bill Luby

After today's regular trading session, Credit Suisse (CS) announced in a brief press release that ...

An Updated Field Guide to VIX ETPs
Tue, Feb 21, 12:11 PM ET, by Bill Luby

With the sudden success of TVIX, it seems as if the entire VIX exchange-traded product ...

Four Key Drivers of the Price of TVIX
Tue, Feb 21, 8:11 AM ET, by Bill Luby

TVIX (VelocityShares Daily 2x VIX Short-Term ETN) is the new rock star in the VIX ...

Will TVIX Go to Zero?
Mon, Feb 20, 8:11 AM ET, by Bill Luby

The sudden surge of interest in TVIX (VelocityShares Daily 2x VIX Short-Term ETN) made it ...

The Upcoming 2012 CBOE Risk Management Conference
Sun, Feb 19, 8:11 AM ET, by Bill Luby

Last year I had the pleasure of attending the 27th annual CBOE Risk Management Conference ...

TVIX Topples VXX as Highest Volume VIX ETP
Fri, Feb 17, 4:11 PM ET, by Bill Luby

With just a few minutes before the close, it is now almost certain that TVIX ...

Monitoring VIX Futures and Their Impact on VIX ETPs
Thu, Feb 16, 12:31 PM ET, by Bill Luby

This morning was one of those mornings where stocks were up, the VIX was up ...

Who Is Trading TVIX?
Tue, Feb 14, 1:41 PM ET, by Bill Luby

As action in the TVIX heats up again today (up 15% on 21 million shares ...

VXX Options Calm After Second Highest Volume Day Ever
Mon, Feb 13, 2:21 PM ET, by Bill Luby

Options volume in VXX (iPath S&P 500 VIX Short-Term Futures ETN) surged to their second ...

Volatility Becomes Unhinged on Friday
Sat, Feb 11, 4:21 PM ET, by Bill Luby

Over the course of the last week, the VIX has risen 21.6% while the S%P ...

Implications of a Positively Correlated SPX and VIX
Fri, Feb 10, 8:11 AM ET, by Bill Luby

For those who missed today's market action and just looked at the post-mortem reports, today ...

What the VIX Kitchen Sink Chart Says
Wed, Feb 8, 11:11 AM ET, by Bill Luby

One of the more interesting developments of 2012 has been to watch the diminution of ...

Geography, Focus and Strategy
Tue, Feb 7, 8:11 AM ET, by Bill Luby

Way back in 2007, in Bicoastal TradingOr Are You Trading in the Right Time Zone? ...

Economic Data: Divergence or Confirmation for Stocks?
Mon, Feb 6, 8:11 AM ET, by Bill Luby

The last time I checked in on the performance of U.S. economic data relative to ...

Suppressing Volatility and The Black Swan of Cairo
Fri, Feb 3, 12:31 PM ET, by Bill Luby

First published in the May/June 2011 issue of Foreign Affairs, The Black Swan of Cairo: ...

Slaying the Natural Gas Contango Dragon
Thu, Feb 2, 1:11 PM ET, by Bill Luby

Yesterday's post on Natural Gas, Contango and UNG appears to have generated a fair amount ...

Natural Gas, Contango and UNG
Wed, Feb 1, 3:31 PM ET, by Bill Luby

I have talked at length in this space about the contango and negative roll yield ...

CBOE Adds Options to Emerging Markets Volatility Index (VXEEM)
Tue, Jan 31, 7:11 PM ET, by Bill Luby

Earlier this month, the CBOE launched futures on the CBOE Emerging Markets ETF Volatility Index ...

A Monthly Comparison of VXX and VXZ
Mon, Jan 30, 3:11 PM ET, by Bill Luby

Three years after their launch, VXX has about four times as many assets as its ...

VXX Celebrates Third Birthday
Mon, Jan 30, 1:11 PM ET, by Bill Luby

It does not seem to long ago that I was the only person who though ...

Expiring Monthly January 2012 Issue Recap
Mon, Jan 30, 8:11 AM ET, by Bill Luby

I may have been away on vacation for the last two weeks, but that doesn't ...

The VIX-VXX Minotaur Trade
Wed, Jan 25, 8:11 AM ET, by Bill Luby

[The following first appeared in the December 2010 edition of Expiring Monthly: The Option Traders ...

ZIV Undeservedly Neglected
Fri, Jan 20, 12:11 PM ET, by Bill Luby

Much to my amazement, next week will mark the third anniversary of the launch of ...

VIX Views
Thu, Jan 19, 11:51 AM ET, by Bill Luby

Yesterday, I learned that the people at S&P 500 Indices and the CBOE have collaborated ...

SPLV vs. XLP
Wed, Jan 18, 11:21 AM ET, by Bill Luby

The more I think about it, the less I understand the need for even more ...

EconomPic Data's VIX and S&P 500 Performance Matrices
Tue, Jan 17, 12:11 PM ET, by Bill Luby

Last week, Jake at EconomPic Data took up the subject of the VIX as a ...

Navigating VIX and More by the Labels
Tue, Jan 17, 8:11 AM ET, by Bill Luby

Saturday's Five Years of VIX and More received enough broad-based interest that apparently attracted quite ...

Five Years of VIX and More
Sat, Jan 14, 6:11 PM ET, by Bill Luby

One week ago marked five years since my first post at VIX and More. Since ...

Comparing SPLV and VQT
Fri, Jan 13, 12:11 PM ET, by Bill Luby

Based on some of the questions and comments that came out of Wednesday's Three New ...

Tight VIX Range Keeps Overbought Signals at Bay
Thu, Jan 12, 12:21 PM ET, by Bill Luby

Yesterday's little dose of VIX trivia (VIX Has Smallest Intraday Range Ever!) was just the ...

VIX Has Smallest Intraday Range Ever!
Wed, Jan 11, 4:51 PM ET, by Bill Luby

If ever there was a day to be short the volatility of volatility, it was ...

Three New Risk Control ETFs from Direxion
Wed, Jan 11, 12:21 PM ET, by Bill Luby

Today Direxion announced they have launched three ETFs whose intent is to match their exposure ...

VXV Heralding a Return to Normalcy
Fri, Jan 6, 12:21 PM ET, by Bill Luby

With the political season heating up, it seemed like an opportune time to work "normalcy" ...

VIX and More and the 2012 Bespoke Roundtable
Thu, Jan 5, 1:31 PM ET, by Bill Luby

I was delighted to be invited back for the third year in a row to ...

Covered Calls Finish Strong in 2011
Tue, Jan 3, 2:41 PM ET, by Bill Luby

Just looking back at The Year in VIX and Volatility (2011) is enough to make ...

The Year in VIX and Volatility (2011)
Mon, Jan 2, 2:51 PM ET, by Bill Luby

One of the most-loved charts I assemble each year is my retrospective look at the ...

CBOE To Launch Futures on Emerging Markets Volatility (VXEEM)
Fri, Dec 30, 12:41 PM ET, by Bill Luby

One of the predictions I made for 2011 was that the trend toward what I ...

Top Posts of 2011
Thu, Dec 29, 4:11 PM ET, by Bill Luby

It seems hard to believe, but next week I will celebrate the fifth year anniversary ...

Expectations, Surprises and Fear in 2011
Thu, Dec 29, 12:31 PM ET, by Bill Luby

For the last three years, the holiday season has been leaving me something new in ...

Italy's Sovereign Debt Schedule and the VIX
Wed, Dec 28, 2:21 PM ET, by Bill Luby

When I think about the risks posed by the European sovereign debt crisis in 2012, ...

Q & A: The Historical Volatility of VQT
Tue, Dec 27, 3:11 PM ET, by Bill Luby

Questions from readers are where I get to learn which aspects of volatility cause the ...

VIX Exchange-Traded Products: The Year in Review, 2011
Fri, Dec 23, 12:51 PM ET, by Bill Luby

The year is not quite over, but I can safely predict that it when it ...

VIX and St. Louis Fed's Financial Stress Index Moving in Concert
Fri, Dec 16, 12:11 PM ET, by Bill Luby

Last year I talked about the St. Louis Fed's Financial Stress Index (which I am ...

The Year in Safe Havens
Thu, Dec 15, 3:11 PM ET, by Bill Luby

Earlier today, in Safe Haven Options Shrinking? I noted the recent failure of some of ...

Safe Haven Options Shrinking?
Thu, Dec 15, 12:51 PM ET, by Bill Luby

Back in February, in Chart of the Week: Flight-to-Safety ETPs, I examined the year-to-date performance ...

High and Low Volatility ETPs
Wed, Dec 14, 1:11 PM ET, by Bill Luby

Since Barclays/iShares launched the first VIX-based exchange-traded products (ETPs) three years ago next month, the ...

December Is the Cruelest Month…For the VIX
Tue, Dec 13, 1:11 PM ET, by Bill Luby

It seems well-nigh impossible for a December to pass without some sort of movements in ...

The Low Fear Selloff
Mon, Dec 12, 1:11 PM ET, by Bill Luby

Steven Place has a video post up this morning, Options Market Does Not Care About ...

Aggregate View of U.S. Data vs. Expectations
Sat, Dec 10, 9:21 PM ET, by Bill Luby

Yesterday I posed and (to some extent) answered the question, How Good Has the U.S. ...

How Good Has the U.S. Data Been Lately?
Fri, Dec 9, 1:41 PM ET, by Bill Luby

At some point investors are going to have to change their watches back from Central ...

Taking Profits in VIX Options (and ETPs)
Fri, Dec 9, 12:11 PM ET, by Bill Luby

Two hours into today's session, the trading idea I mentioned yesterday, going long VIX puts, ...

VIX Puts Looking Attractive
Thu, Dec 8, 3:11 PM ET, by Bill Luby

A lot can happen to the financial markets in the course of the next day ...

VIX Under 30 Five Days in a Row?
Tue, Dec 6, 1:41 PM ET, by Bill Luby

The day is still young and the rumor mill has been eerily quiet so far, ...

Major Changes to the VIX and More Newsletter and to EVALS
Sun, Dec 4, 8:11 PM ET, by Bill Luby

Just a quick update to let readers know that there have been some substantial changes ...

VIX Reflecting Skepticism About Rally
Wed, Nov 30, 1:11 PM ET, by Bill Luby

With the S&P 500 index up 3.4% as I type this and the VIX down ...

Slicing and Dicing All 31 Flavors of the VIX ETPs
Tue, Nov 22, 1:11 AM ET, by Bill Luby

Ten months have passed since the last time I attempted to graphically depict all the ...

Interview at OptionPundit
Fri, Nov 18, 2:31 PM ET, by Bill Luby

Earlier this week, OptionPundit published the transcript of a recent interview: Bill Luby Talks to ...

VIX Futures: A Tale of Two Backwardations
Fri, Nov 4, 4:11 PM ET, by Bill Luby

After yesterday's New VIX Backwardation Record post, I thought it might be interesting to compare ...

New VIX Backwardation Record
Fri, Nov 4, 2:11 AM ET, by Bill Luby

This week marks the first time that the front two months of the VIX futures ...

Shrinking VIX Macro Cycles
Mon, Oct 31, 2:41 PM ET, by Bill Luby

Staring at the VIX from the 30,000 foot level, it looks much different than it ...

Recent Thoughts on the VIX
Mon, Oct 31, 1:41 PM ET, by Bill Luby

The VIX and More blog has been quiet for a while as I enjoyed some ...

Front Two Months of VIX Futures Slip Back Into Contango
Fri, Sep 16, 1:11 PM ET, by Bill Luby

For the first time since the end of July the front two months of the ...

Economic Data Not Supporting Gloom and Doom Forecasts - At Least for Now
Thu, Sep 1, 3:48 PM ET, by Bill Luby

For over a year I have been examining how economic data in the United States ...

Echo Volatility and Another VIX Double Top
Fri, Aug 19, 3:12 AM ET, by Bill Luby

Back in 2007, I wrote extensively about the phenomenon I dubbed echo volatility, in which ...

The Convergence of VIX and VIX Futures at Expiration
Fri, Aug 12, 2:52 PM ET, by Bill Luby

VIX futures and options expire 30 days prior to the expiration of options in the ...

VIX Suggests Investors Don't Believe Rally Sustainable
Thu, Aug 11, 3:32 PM ET, by Bill Luby

Back in 2007 and 2008 I had a shipload of posts talking about the SPX:VIX ...

VIX Backwardation Commentary
Thu, Aug 11, 2:42 AM ET, by Bill Luby

My recent VIX Term Structure Evolution Over Last Ten Days post seemed to draw a ...

VIX Sets Some New Records, Suggesting Volatility Near Peak
Tue, Aug 9, 4:22 AM ET, by Bill Luby

Just a week ago the VIX seemed to be lagging behind the growing investor anxiety ...

VIX Term Structure Evolution Over Last Ten Days
Fri, Aug 5, 8:22 PM ET, by Bill Luby

If you think the last two weeks have turned the investing world upside down, well ...

VIX Over 31 and SPX Down 12.5% From Peak as Bottom Nears
Thu, Aug 4, 4:32 PM ET, by Bill Luby

Calling bottoms in the stock market is part art and part science, but with the ...

VIX Trades Over 29 and SPX Down 11.5% From Peak as Bottom Nears
Thu, Aug 4, 3:32 PM ET, by Bill Luby

Calling bottoms in the stock market is part art and part science, but with the ...

Apple Products vs. Platform
Wed, Jun 8, 12:32 PM ET, by Bill Luby

Apple (AAPL) is an unusual stock for several reasons, not the least of which is ...

Economic Data vs. Expectations and Stock Prices
Thu, Jun 2, 2:42 PM ET, by Bill Luby

For the last year I have been posting charts of the trends in various economic ...

Current SPX Pullback Second Longest Since March 2009 Bull Market Began
Thu, Jun 2, 1:12 PM ET, by Bill Luby

Since the current bull market began back in March 2009, I have periodically been posting ...

Chart of the Week: XIV Celebrates Six-Month Birthday
Tue, May 31, 2:52 PM ET, by Bill Luby

Yesterday marked six months since the launch of the VelocityShares Daily Inverse VIX Short-Term ETN ...

SPX Pullback History, 2009-2011
Tue, May 3, 2:42 PM ET, by Bill Luby

Since there has been only one significant pullback in stocks so far in 2011, I ...

Reader Q and A: Straddles and Implied Volatility
Thu, Apr 28, 2:42 PM ET, by Bill Luby

Right before the close last Wednesday I placed an ATM straddle that proved to be ...

Silver Implied Volatility Rises Over 50
Thu, Apr 28, 1:32 PM ET, by Bill Luby

Yesterday, in the awkwardly titled Is Volatility a Better Play for Silver than Direction? I ...

Is Volatility a Better Play for Silver than Direction?
Wed, Apr 27, 12:32 PM ET, by Bill Luby

It seems as if everyone in the world has an opinion about silver. Is it ...

A Trio of Niche iPad Financial Markets Apps
Tue, Apr 26, 3:22 PM ET, by Bill Luby

In my ongoing review of financial markets apps for iPad, there are several which defy ...

Chart of the Week: VXV at Critical Juncture
Mon, Apr 25, 2:12 PM ET, by Bill Luby

It seems almost like heresy to consider something other than silver or the VIX as ...

Spotlight on the VIX and Bollinger Bands
Mon, Apr 25, 1:12 PM ET, by Bill Luby

As we sit in the pre-FOMC doldrums contemplating how Ben Bernanke will handle his historic ...

iPad Financial Markets Apps from FOX, Thomson Reuters and NASDAQ OMX
Thu, Apr 21, 1:42 PM ET, by Bill Luby

In reviewing broad-based financial markets news and data apps for iPad, I began with the ...

Continued Lackluster Economic Data vs. Expectations
Thu, Apr 21, 10:22 AM ET, by Bill Luby

While investors are focusing most of their attention on earnings reports, I am looking ahead ...

The VIX, VIX Products and Replication
Wed, Apr 20, 1:32 PM ET, by Bill Luby

Jared Woodard of Condor Options is out with a post today, Why I'm Not Worried ...

TVIX Trades One Million Shares for First Time
Thu, Apr 7, 1:32 PM ET, by Bill Luby

Launched at the end of November 2010, the VelocityShares Daily 2X VIX Short-Term ETN (TVIX) ...

Bloomberg for the iPad
Thu, Apr 7, 12:52 PM ET, by Bill Luby

In my ongoing look at trading apps for the iPad, I have elected to initially ...

Options Insider Radio Interviews Jay Caauwe of the CFE/CBOE
Wed, Apr 6, 3:12 PM ET, by Bill Luby

Mark Longo and Options Insider Radio recently conducted an extensive interview with Jay Caauwe, Director ...

CNBC Real-Time for the iPad
Wed, Apr 6, 1:12 PM ET, by Bill Luby

Since there seems to be such a large supply-demand imbalance (little supply, lots of demand) ...

Initial Thoughts on Using the iPad for Trading
Tue, Apr 5, 1:42 PM ET, by Bill Luby

Thanks to all who offered up some comments on their experiences using the iPad for ...

Chart of the Week: Crude Oil and Transports
Mon, Apr 4, 2:32 PM ET, by Bill Luby

With crude oil prices hovering around $108/bbl. level, it is only natural to begin wondering ...

VIX and More Newsletter Celebrates Third Anniversary
Mon, Apr 4, 12:52 PM ET, by Bill Luby

Today's publication of the VIX and More Newsletter marks the third anniversary of the launch ...

Using the iPad for Trading
Thu, Mar 31, 1:12 PM ET, by Bill Luby

Unless FedEx (FDX) and Apple (AAPL) have their facts wrong, today the iPad 2 will ...

VIN, VIF and an Obsolete VIX
Thu, Mar 31, 11:52 AM ET, by Bill Luby

Mark Sebastian at Option Pit has an interesting post up, Could the VIX Become Obsolete? ...

Fukushima Daiichi and 'Event Theta'
Wed, Mar 30, 12:52 PM ET, by Bill Luby

I am generally not a fan of so-called air quotes, nor am I a fan ...

The VIX Summit, a.k.a. the CBOE Risk Management Conference
Tue, Mar 29, 9:12 PM ET, by Bill Luby

About a month ago I had an opportunity to attend the CBOE Risk Management Conference, ...

Expiring Monthly March 2011 Issue Recap
Tue, Mar 29, 2:52 AM ET, by Bill Luby

Just a quick reminder that as Expiring Monthly: The Option Traders Journal publishes on the ...

Webinar: Using Volatility as an Asset Class
Mon, Mar 28, 7:12 PM ET, by Bill Luby

I recently participated in a webinar sponsored by AdvisorOne which tackled the subject of volatility ...

CBOE Rolls Out a New Blog; I Am a Guest Contributor
Tue, Mar 8, 12:22 PM ET, by Bill Luby

The Chicago Board Options Exchange (CBOE), the same people who brought you the CBOE Volatility ...

Chart of the Week: Flight to Safety ETPs
Mon, Feb 28, 11:42 AM ET, by Bill Luby

It has already been an interesting year for students of market sentiment, volatility and geopolitical ...

Blog Posting to Resume this Weekend
Sat, Feb 26, 11:42 AM ET, by Bill Luby

Thanks to all who have inquired about my absence and health. It turns out that ...

TVIX Finally Getting Due as Day Trading Rocket Fuel
Fri, Jan 28, 1:19 PM ET, by Bill Luby

Launched at the end of November 2010, I am surprised it has taken so long ...

The Skinny on XVIX
Fri, Jan 28, 12:01 PM ET, by Bill Luby

Of all the second generation volatility-based exchange-traded products that have been launched in the past ...

Now Sixteen Volatility ETPs, Four of Which Are Optionable
Wed, Jan 26, 11:30 AM ET, by Bill Luby

The graphic below is part of my ongoing effort not only to maintain a list ...

Managing Risk with a Short VXX Position
Fri, Jan 14, 12:36 PM ET, by Bill Luby

Since I am not sure how many readers review the comments section, I thought I ...

Charting the Assets of the Volatility-Based ETPs
Fri, Jan 14, 9:58 AM ET, by Bill Luby

As a follow-up to yesterday's Barron's column, Ways to Turn Volatility into an Asset Class, ...

Guest Columnist at The Striking Price for Barron's
Wed, Jan 12, 2:37 PM ET, by Bill Luby

The last few times I have been asked to be a guest columnist for The ...

World Food Sub-Index Prices
Tue, Jan 11, 10:06 AM ET, by Bill Luby

Sometimes I just don't know when to leave well enough alone, particularly when it involves ...

Chart of the Week: World Food Prices
Mon, Jan 10, 1:47 AM ET, by Bill Luby

Talk of rising commodities prices seems to focus primarily on energy and metals, with agricultural ...

Shorting VXX and Long XXV or XIV
Thu, Jan 6, 2:27 PM ET, by Bill Luby

If you are interested in the VIX and related options and futures products, 2010 saw ...

CBOE to Publish VIX-Style Volatility Indices for Individual Stocks
Wed, Jan 5, 3:58 PM ET, by Bill Luby

The volatility space continues to expand in the direction of the atomic level, with today's ...

High Resolution Version of "The Year in VIX and Volatility" Chart Available
Wed, Jan 5, 3:30 PM ET, by Bill Luby

I had so many requests for a high resolution version of my chart from The ...

The Year in VIX and Volatility (2010)
Tue, Jan 4, 10:40 AM ET, by Bill Luby

One of everybody's favorite charts from a year ago was the basis for Chart of ...

S&P 500 Index 20-Day Historical Volatility Hits 39-Year Low
Mon, Jan 3, 3:27 PM ET, by Bill Luby

Since I haven't seen it mentioned anywhere else, I thought I should note that 20-day ...

In 2010 I Learned That…
Fri, Dec 31, 10:31 AM ET, by Bill Luby

Josh Brown of The Reformed Broker has an excellent post up today, In 2010 I ...

Top Posts of 2010
Thu, Dec 30, 10:40 AM ET, by Bill Luby

It is hard to believe that I have been blogging for four years. Initially I ...

VIX Futures Brokers
Wed, Dec 29, 3:07 PM ET, by Bill Luby

In light of my comments about MB Trading yesterday, a reader was quick to point ...

MB Trading Actively Screening New Customers?
Tue, Dec 28, 12:53 PM ET, by Bill Luby

I do my best to maintain accounts with a wide variety of brokers, particularly with ...

Chart of the Week: U.S. Retail Gasoline Prices
Mon, Dec 27, 11:28 AM ET, by Bill Luby

As more and more data points begin to suggest that the green shoots of months ...

VIX and the Week Before Christmas
Thu, Dec 23, 1:45 AM ET, by Bill Luby

I guess I should not be surprised that a VIX of 15.45 - the lowest ...

Chart of the Week: Historical Volatility Plummets in Seasonal Swoon
Mon, Dec 20, 11:12 AM ET, by Bill Luby

'Tis the season for the annual holiday effect in which historical volatility (HV) has a ...

VIX and More and the 2011 Bespoke Roundtable
Fri, Dec 17, 5:22 PM ET, by Bill Luby

For the second year in a row, I have elected to stick my neck out ...

VIX and Put to Call Ratio Snapshot
Thu, Dec 16, 10:22 AM ET, by Bill Luby

There has been a good deal of discussion about recent high put to call ratios ...

Rohan Clarke on the VIX and Put to Call Ratios
Wed, Dec 15, 2:22 PM ET, by Bill Luby

With the favorable response I received on two recent posts, Edward Hugh and a Fistful ...

Treasury Yield Curve ETNs and Volatility
Wed, Dec 15, 1:12 AM ET, by Bill Luby

The subject of the VIX and Treasury yields is one I have probably not explored ...

Chart of the Week: Banks on a Tear
Mon, Dec 13, 10:42 AM ET, by Bill Luby

There were many cross-currents in the financial markets during the last week, but one of ...

VIX Futures Now Opening at 9:20 a.m. ET
Fri, Dec 10, 3:12 AM ET, by Bill Luby

Effective tomorrow, December 10th, VIX futures will be open for trading as of 9:20 a.m."Extended ...

Market Psych Offers Language-Based Fear Index
Wed, Dec 8, 12:42 PM ET, by Bill Luby

Aside from the VIX, there are quite a few fear indices out there. Just a ...

VIX Put Matrix Offers Glimpse of Expected Future
Mon, Dec 6, 2:22 PM ET, by Bill Luby

In yesterday's, Chart of the Week: VIX Support, I made a statement that several readers ...

Economic Data Frozen Until Next Thursday
Fri, Dec 3, 10:32 AM ET, by Bill Luby

Today's data dump of nonfarm payrolls, the ISM non-manufacturing survey and factory orders caps a ...

Two More VIX ETNs Makes It a Baker's Dozen
Wed, Dec 1, 12:52 PM ET, by Bill Luby

In addition to the six new VIX-based ETNs launched yesterday by VelocityShares, two additional new ...

Impressive Launch for Sextet of New Volatility ETNs from VelocityShares
Tue, Nov 30, 6:52 PM ET, by Bill Luby

The list of tradable VIX ETNs more than doubled today, following the successful launch of ...

CVOL Steps It Up
Tue, Nov 30, 1:32 PM ET, by Bill Luby

In Citigroup Belly-Flops into the ETP Sponsor Pool, Ron Rowland had some harsh criticism for ...

Edward Hugh and A Fistful of Euros
Tue, Nov 30, 11:12 AM ET, by Bill Luby

Ever since the European sovereign debt crisis began flaring up, I have made it a ...

Chart of the Week: The Resurgent Consumer and Holiday Shopping
Mon, Nov 29, 10:12 AM ET, by Bill Luby

During the first half of 2010, a recovery in manufacturing helped to lift stocks. When ...

More Turkey Anyone?
Wed, Nov 24, 9:52 AM ET, by Bill Luby

It is the last week in November, so naturally all our thoughts are turning to ...

VelocityShares Jumping in to VIX ETP Space with Leveraged and Inverse Products
Mon, Nov 22, 11:22 AM ET, by Bill Luby

Less than two after I mapped out the various VIX exchange-traded products (ETNs + ETFs) ...

Chart of the Week: European Stocks Holding Up Well
Mon, Nov 22, 10:22 AM ET, by Bill Luby

Six months ago the European sovereign debt crisis was flaring up and my chart of ...

Guest Columnist for Steven Sears at Barron's
Thu, Nov 18, 3:42 PM ET, by Bill Luby

It may just be a coincidence, but each time I have been tapped as a ...

A Cluster of Support
Wed, Nov 17, 8:42 PM ET, by Bill Luby

Last week in Looking for SPX Support Levels, I introduced a chart which highlighted two ...

VIX Punches Through Upper Bollinger Band
Tue, Nov 16, 12:32 PM ET, by Bill Luby

The VIX has no idea what is going on in Ireland and has no way ...

CVOL Begins Trading Today
Mon, Nov 15, 5:12 PM ET, by Bill Luby

Today the first non-Barclays volatility ETN began trading (CVOL), whose formal name is (and I ...

The Evolving VIX ETN Landscape
Thu, Nov 11, 12:12 PM ET, by Bill Luby

As of today, only four VIX exchange traded products (ETNs and ETFs) are available for ...

Measuring the Pullback
Wed, Nov 10, 10:42 AM ET, by Bill Luby

One hour into today's session finds the S&P 500 index hovering just a few points ...

Looking for SPX Support Levels
Wed, Nov 10, 2:42 AM ET, by Bill Luby

After topping out at a new two-year high of just over 1227 on Friday, the ...

VXX 1-4 Reverse Split Reminder, After Today's Close
Mon, Nov 8, 3:42 PM ET, by Bill Luby

Just a quick reminder that everyone's favorite VIX ETN, VXX, will undergo a 1-4 reverse ...

Chart of the Week: Andrews Pitchfork View of SPX
Sun, Nov 7, 9:42 PM ET, by Bill Luby

I occasionally feature charts with an Andrews Pitchfork in my subscriber newsletter and I am ...

Interesting New Leveraged Volatility ETN Coming from Citi
Fri, Nov 5, 12:22 PM ET, by Bill Luby

Yesterday in Citi Files to Offer Long/Short Alternative to VIX ETFs, Murray Coleman of Barron's ...

Chinese Stocks Thump U.S. Counterparts
Fri, Nov 5, 10:32 AM ET, by Bill Luby

With all the discussion of quantitative easing and elections, it is all too easy to ...

Josh Brown's Favorite Financial Blogs
Tue, Nov 2, 6:12 PM ET, by Bill Luby

One year ago, Josh Brown of The Reformed Broker rolled out his personal taxonomy of ...

Chart of the Week: Money Market Mutual Funds
Sun, Oct 31, 7:12 PM ET, by Bill Luby

When the first version of this week's chart of the week first appeared on the ...

Transcript from Interview with Charles Kirk Now Available
Fri, Oct 29, 2:12 AM ET, by Bill Luby

The complete transcript of my interview yesterday afternoon with Charles Kirk of The Kirk Report ...

Charles Kirk to Interview Me Live at 5 PM ET Today
Thu, Oct 28, 11:42 AM ET, by Bill Luby

I am excited to announce that Charles Kirk of The Kirk Report will be conducting ...

More Upticks in Economic Data vs. Expectations
Thu, Oct 28, 10:12 AM ET, by Bill Luby

Today was the first week since the end of August that both the initial claims ...

Changes and Q3 Updates to the Newsletter and EVALS
Wed, Oct 27, 3:12 PM ET, by Bill Luby

It has always been my intent to keep the subscriber newsletter and EVALS (ETF Volatility ...

VIX and VXX: In the Beginning…
Tue, Oct 26, 2:12 AM ET, by Bill Luby

Last week in What Do You Want to Know About VXX? I asked readers for ...

Chart of the Week: Intrade and the Midterm Elections
Mon, Oct 25, 1:22 AM ET, by Bill Luby

Three months ago in Chart of the Week: Intrade and Control of the House of ...

Appearance on The Option Block
Fri, Oct 22, 11:52 AM ET, by Bill Luby

Yesterday I made a guest appearance on The Option Block, an Options Insider Radio program ...

VXX Monthly Performance
Thu, Oct 21, 1:42 PM ET, by Bill Luby

Yesterday I asked for some input in What Do You Want to Know About VXX? ...

What Do You Want to Know About VXX?
Wed, Oct 20, 2:12 AM ET, by Bill Luby

Lately I have been bombarded with questions about VXX and before the week is over ...

The Case for VQT
Thu, Oct 14, 4:12 PM ET, by Bill Luby

Many investors, present company included, are sitting on sizeable gains from long positions going back ...

Capitulation in Back Month VIX Futures
Thu, Oct 14, 1:52 AM ET, by Bill Luby

Yesterday, in VIX Sets Two New Records, I suggested that it was coming, but I ...

VIX Sets Two New Records
Wed, Oct 13, 9:52 AM ET, by Bill Luby

It is not every day that the VIX establishes some sort of new all-time record ...

Robert Engle's FT Lectures on Volatility
Fri, Oct 8, 11:22 AM ET, by Bill Luby

I am still not sure why Brenda Jubin's Reading the Markets, remains criminally undiscovered, but ...

The REZ Paradox
Thu, Oct 7, 2:12 PM ET, by Bill Luby

I had a brief exchange with Andrew Butter on Seeking Alpha that I thought might ...

Commercial Real Estate Sector Breakout
Wed, Oct 6, 12:32 PM ET, by Bill Luby

Back in April 2009 in Commercial Real Estate Sub-Sectors ETF to Watch, I highlighted three ...

Updating the Commercial Real Estate Picture
Tue, Oct 5, 12:52 PM ET, by Bill Luby

I am amazed by how many people land on this blog via Google and other ...

Chart of the Week: Visualizing the Flash Crash
Mon, Oct 4, 2:12 AM ET, by Bill Luby

This week the allied forces of the SEC and CFTC released their joint report on ...

Zooming in on the St. Louis Fed's Financial Stress Index
Thu, Sep 30, 1:42 AM ET, by Bill Luby

Yesterday's post, St. Louis Fed's Financial Stress Index, generated a great deal of interest in ...

St. Louis Fed's Financial Stress Index
Tue, Sep 28, 3:52 PM ET, by Bill Luby

When I started this blog, I added what sounded like a whimsical tagline at the ...

More on the Multi-Asset Class ETF Portfolio
Fri, Sep 24, 2:12 PM ET, by Bill Luby

Yesterday's post, Diversification, Momentum and Sidestepping the 2008 Panic, brought such a positive response that ...

On Abnormal Returns TV with Tadas Viskanta
Fri, Sep 24, 10:22 AM ET, by Bill Luby

Just a quick note to let readers know that yesterday I spent a half hour ...

Diversification, Momentum and Sidestepping the 2008 Panic
Thu, Sep 23, 12:12 PM ET, by Bill Luby

While most trading systems I know - including my own - struggled to eke out ...

VIX and Historical Volatility Settling Back into Normal Range
Wed, Sep 22, 1:12 PM ET, by Bill Luby

So much has been made lately (here and elsewhere, e.g., Surly Trader) about the extremely ...

The Education of a Trader
Tue, Sep 21, 2:52 PM ET, by Bill Luby

[The following first appeared in the May 2010 edition of Expiring Monthly: The Option Traders ...

Expiring Monthly September 2010 Issue Recap
Mon, Sep 20, 7:52 PM ET, by Bill Luby

Just a quick reminder that a new options expiration cycle means a new issue of ...

Chart of the Week: Looking for Sector Leadership
Mon, Sep 20, 10:32 AM ET, by Bill Luby

Stocks have rallied impressively since the beginning of July, but during that period, that has ...

Hope and Depression in the Investor Sentiment Cycle
Fri, Sep 17, 11:52 AM ET, by Bill Luby

Charles Kirk of The Kirk Report has an interesting post up, The Investor Sentiment Cycle, ...

Opportunities Arising from Unusually Low Implied Volatility in Gold
Thu, Sep 16, 1:52 PM ET, by Bill Luby

Gold sure seems like it has been acting more than a little crazy lately, with ...

Sitting in for Steven Sears at Barron's Today
Wed, Sep 15, 2:52 PM ET, by Bill Luby

Today I am the guest columnist of The Striking Price at Barron's, sitting in for ...

VIX Futures: What Were/Are They Thinking?
Tue, Sep 14, 12:32 PM ET, by Bill Luby

Yesterday, my proprietary the VIX Futures Contango Index hit a new all-time high, indicating that ...

VIX Weekly Options Coming on September 28
Thu, Sep 9, 2:12 PM ET, by Bill Luby

The CBOE Futures Exchange (CFE) announced today that it will begin trading weekly options on ...

Barclays VEQTOR ETN (VQT) Begins Trading
Thu, Sep 2, 11:32 AM ET, by Bill Luby

Both volatility traders and long-term investors should be interested to know that Barclays launched the ...

VEQTOR ETN (VQT) Begins Trading
Thu, Sep 2, 11:22 AM ET, by Bill Luby

Both volatility traders and long-term investors should be interested to know that Barclays launched the ...

Milestones Past, Present and Future
Thu, Sep 2, 2:32 AM ET, by Bill Luby

Several different milestones seem to be converging in time at the moment and I thought ...

More Top Emerging Markets ETFs
Tue, Aug 31, 2:12 AM ET, by Bill Luby

Entirely by accident, the theme of the last two charts of the week has been ...

Irrepressible Colombia (GXG)
Mon, Aug 30, 1:12 AM ET, by Bill Luby

While U.S. investors can be forgiven for thinking that stocks have been stuck in a ...

Google Fixes Gmail Problems Plaguing VIX and More Newsletter Subscribers
Fri, Aug 27, 11:32 AM ET, by Bill Luby

Apologies to all the VIX and More newsletter subscribers who have been victimized by Google's ...

More Strange Happenings in the VIX Term Structure
Fri, Aug 27, 2:12 AM ET, by Bill Luby

Today was a very unusual day in the land of VIX futures. As the VIX ...

VXX Weeklys Begin Trading Tomorrow
Wed, Aug 25, 2:52 PM ET, by Bill Luby

Thanks to a tweet from Adam Warner of the Daily Options Report for alerting me ...

VXX Implied Volatility Spikes into Expiration
Fri, Aug 20, 2:22 PM ET, by Bill Luby

With VIX options expiring on Wednesday and VXX options expiring today (technically tomorrow) in the ...

Looking Under the Hood of the Philly Fed Index Report
Thu, Aug 19, 2:12 PM ET, by Bill Luby

After mentioning the positive surprise in the July industrial production and July capacity utilization numbers ...

Industrial Production and Capacity Utilization Since 1988
Wed, Aug 18, 10:52 AM ET, by Bill Luby

After a streak of some lean economic data, the bulls were rewarded with a positive ...

Three Books for Approaching Behavioral Finance
Tue, Aug 17, 2:12 AM ET, by Bill Luby

In my recent travels I plucked two behavioral finance books out of airport bookstores. Apparently ...

Retail Sales Since 1992
Fri, Aug 13, 11:12 AM ET, by Bill Luby

The chart below looks at retail sales (seasonally adjusted, including food services) going back to ...

Surfing for Weekly Buy-Write Trades
Thu, Aug 12, 10:22 AM ET, by Bill Luby

One half hour into today's trading, I would expect to see some evidence that the ...

Today's Jump in the VIX Futures Term Structure
Wed, Aug 11, 12:12 PM ET, by Bill Luby

When we see a large VIX spike, I invariably see a similar spike in emails ...

What a Difference a Weekly Makes
Tue, Aug 10, 12:12 PM ET, by Bill Luby

Last week I made my first trade using weekly options. Part of the reason I ...

Weekly Options Gain Momentum
Tue, Aug 10, 2:22 AM ET, by Bill Luby

Up until a couple of weeks ago, it was almost impossible to find anyone who ...

Chart of the Week: July Nonfarm Payrolls
Mon, Aug 9, 10:52 AM ET, by Bill Luby

Any week the employment report is on the schedule, the big story is likely to ...

Thoughts on VECO After a 13% Fall
Fri, Aug 6, 2:12 AM ET, by Bill Luby

Less than two weeks ago, high flier Veeco Instruments (VECO) crushed second quarter earnings and ...

Economic Data Trends in Advance of Nonfarm Payrolls
Thu, Aug 5, 3:22 PM ET, by Bill Luby

A little over a month ago, in Trends in Economic Data Relative to Expectations, I ...

Record Call Activity in VXX
Wed, Aug 4, 12:12 PM ET, by Bill Luby

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) saw record call volume yesterday, with ...

Wheat and the Commodity ETF Space
Wed, Aug 4, 10:12 AM ET, by Bill Luby

Anyone with even a passing interest in commodities has no doubt taken notice that the ...

XXV Has Arrived!
Mon, Aug 2, 7:42 PM ET, by Bill Luby

For day traders, the launch of triple ETFs ushered in a new era of highly ...

LSC Long-Short Commodities ETF Struggling Mightily
Fri, Jul 30, 1:22 PM ET, by Bill Luby

Launched in June 2008, the ELEMENTS S&P Commodity Trends Indicator ETN (LSC) was an immediate ...

Direxion and S&P Bring Dynamic Volatility Hedging to ETFs with VEQTOR
Thu, Jul 29, 1:12 PM ET, by Bill Luby

As the ETF space continues to evolve and push into new territory, such as strategy-in-a-box ...

Direxion Brings Dynamic Volatility Hedging to ETFs with VEQTOR
Thu, Jul 29, 12:52 PM ET, by Bill Luby

As the ETF space continues to evolve and push into new territory, such as strategy-in-a-box ...

SPX Range-Bound Chart
Wed, Jul 28, 1:12 PM ET, by Bill Luby

Further to yesterday's Leveraged ETFs, Volatility and Range-Bound Markets as well as my take on ...

Leveraged ETFs, Volatility and Range-Bound Markets
Tue, Jul 27, 12:52 PM ET, by Bill Luby

I noticed that Direxion, the dean of triple ETFs, has added a handful of tools ...

VXX Calls Attracting Interest
Tue, Jul 27, 0:12 AM ET, by Bill Luby

Since their launch just two months ago, options on the iPath S&P 500 VIX Short-Term ...

XXV and the New VIX ETN Landscape
Thu, Jul 22, 10:12 PM ET, by Bill Luby

While I was out of pocket for a few days, Barclays had the temerity to ...

VVUS as an Option Pricing Case Study
Thu, Jul 15, 1:52 PM ET, by Bill Luby

Trading in Vivus (VVUS) is halted this morning, as the biotechnology company's new weight-loss pill, ...

VVUS Implied Volatility Tops 700
Tue, Jul 13, 11:12 AM ET, by Bill Luby

From time to time I have highlighted extremely high implied volatility in individual securities such ...

Unusual Volatility Index Divergence
Tue, Jul 13, 2:22 AM ET, by Bill Luby

Since I have not seen this mentioned elsewhere, I thought I should point out that ...

VIX Futures Contango Bubble
Fri, Jul 9, 10:32 AM ET, by Bill Luby

Truth be told, there is no such thing as a "contango bubble," bit I like ...

Charting Jobless Claims
Thu, Jul 8, 11:12 AM ET, by Bill Luby

Concern about the employment situation have resulted in considerable churning - both in the financial ...

Spain Rallies
Wed, Jul 7, 11:42 AM ET, by Bill Luby

With all the excitement over the performance of Spain's soccer team in the World Cup, ...

Trends in Economic Data Relative to Expectations
Fri, Jul 2, 2:32 PM ET, by Bill Luby

Before the long weekend, I thought I would post a chart I use in which ...

Nonfarm Payrolls and Backsliding
Fri, Jul 2, 10:32 AM ET, by Bill Luby

This morning's nonfarm payrolls report confirms that the job creation portion of the economy which ...

Top Posts of 2010 (Midyear Edition)
Wed, Jun 30, 8:12 PM ET, by Bill Luby

This is the fourth year I have been reporting on the most popular posts at ...

VIX Showing Signs of Progressive Desensitization
Wed, Jun 30, 2:42 PM ET, by Bill Luby

Since hitting a high of 1219 April, the S&P 500 index has fallen below 1045 ...

Revisiting the Flight-to-Safety Trade
Tue, Jun 29, 11:32 AM ET, by Bill Luby

Once again the S&P 500 index approached the cliff at 1040 and for now at ...

Great Metaphor for the Financial Markets
Mon, Jun 28, 2:52 PM ET, by Bill Luby

For the patience-impaired, this is one instance where the wait is worth it...Hat tip: Bits ...

A German Perspective on the Recovery
Fri, Jun 25, 12:22 PM ET, by Bill Luby

Yesterday, in Fundamentals and the Recovery, I offered up a snapshot of the recovery in ...

Fundamentals and the Recovery
Thu, Jun 24, 2:32 PM ET, by Bill Luby

On several occasions in the past, I have leaned on the Federal Reserve Bank of ...

The Art of Being Wrong
Tue, Jun 22, 1:12 PM ET, by Bill Luby

Kathryn Schulz, a self-described 'wrongologist,' is the author of Being Wrong: Adventures in the Margin ...

Chart of the Week: U.S. Open Scorecards
Mon, Jun 21, 2:12 AM ET, by Bill Luby

I was pulled in quite a few different directions when considering this week's chart of ...

BP, Put Backspreads and the Disaster Trade
Thu, Jun 17, 2:12 PM ET, by Bill Luby

One of the more interesting trading setups is something I call the disaster trade. This ...

The Elusive Trading Range
Wed, Jun 16, 2:12 PM ET, by Bill Luby

During the course of the last year or two, stock market pundits have reminded me ...

Bernard Lagat and Trading Strategy
Tue, Jun 15, 1:42 AM ET, by Bill Luby

Over the weekend I had an opportunity to watch on television as Bernard Lagat ran ...

The Week in VIX and Volatility Posts
Fri, Jun 11, 12:32 PM ET, by Bill Luby

I have seen more excellent posts and articles on the VIX and volatility in various ...

Interesting Chart Utilizing Put to Call Ratios and Volatility
Thu, Jun 10, 12:42 PM ET, by Bill Luby

I received quite a few excellent submissions for last week's chart of the week contest ...

Weekly Chart of VIX and SPX
Tue, Jun 8, 2:32 AM ET, by Bill Luby

As I did the last time around, I have elected to share some of the ...

Chart of the Week: Weekly Volume Flow
Mon, Jun 7, 10:32 AM ET, by Bill Luby

Thanks to Charlie Thompson for submitting this week's winning chart of the week entry. Once ...

Highest Intraday VIX Readings
Fri, Jun 4, 12:32 PM ET, by Bill Luby

With stocks suffering a minor meltdown as I type this (DJIA 9997), I thought I ...

Yesterday's Unusually Low ISEE Equity Number
Thu, Jun 3, 3:12 PM ET, by Bill Luby

Yesterday's ISEE equities only closing value of 100 was sufficiently low that only once in ...

Chart of the Week Contest: Win One Free Year of Expiring Monthly
Thu, Jun 3, 1:22 AM ET, by Bill Luby

I had so much fun with the first reader submission edition of the chart of ...

Turmoil in the Oil Patch
Wed, Jun 2, 9:42 AM ET, by Bill Luby

Several factors have combined to create turmoil in the oil patch. Most notably, the Deepwater ...

Chart of the Week: SPX, Fibs and 200 Day MA
Tue, Jun 1, 10:32 AM ET, by Bill Luby

This week's chart of the week is an attempt to offer something relatively simple and ...

CBOE Launches Options on VXX and VXZ
Fri, May 28, 10:52 AM ET, by Bill Luby

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) has been one of the most ...

The VIX, Rule of 16 and Realized Volatility
Fri, May 28, 2:12 AM ET, by Bill Luby

Two days ago, in Rule of 16 and VIX of 40, I discussed the Rule ...

Rule of 16 and VIX of 40
Tue, May 25, 2:22 PM ET, by Bill Luby

After a year or so of almost uninterrupted falling volatility, the last few weeks have ...

Guest Columnist for Steven Sears at Barron's
Thu, May 20, 1:12 PM ET, by Bill Luby

Steven Sears at Barron's has once again been kind enough to give me an opportunity ...

VIX Approaches Pre-2008 Record Highs
Thu, May 20, 10:42 AM ET, by Bill Luby

Prior to 2008, the VIX had only managed to nudge its way over 45 on ...

Volatility and Wide-Range Days with Neutral Closes
Tue, May 18, 10:52 AM ET, by Bill Luby

A reader notes: The VIX tends to move inversely with the market on a day-to-day ...

Brett Steenbarger's TraderFeed Archives
Fri, May 14, 10:22 AM ET, by Bill Luby

In the four years or so I have been using blogs as one of my ...

Recent Performance Divergence in European ETFs
Wed, May 12, 9:22 AM ET, by Bill Luby

With all the turmoil in Europe, I thought it would be interesting to check on ...

New Record for One Day Fall in the VIX
Mon, May 10, 9:12 PM ET, by Bill Luby

The VIX spikes up, but it rarely spikes down, today's action notwithstanding. In fact, today's ...

Chart of the Week: The Weekly VIX
Mon, May 10, 2:32 AM ET, by Bill Luby

There were so many fascinating developments in the financial markets during the week, that it ...

VIX Implied Volatility Exceeds 2008 Crisis Levels
Fri, May 7, 2:12 PM ET, by Bill Luby

VIX options are attracting so much attention that the implied volatility of the VIX is ...

Some Thoughts on the Seis de Mayo Mini-Crash
Fri, May 7, 2:12 AM ET, by Bill Luby

There are a lot of excellent charts and commentary out there, but before I called ...

S&P 500 Index Correction at Post-March '09 Average of 5.6%
Thu, May 6, 11:52 AM ET, by Bill Luby

A few minutes ago the S&P 500 index made an intraday low of 1151.49. While ...

VIX Tops are Notoriously Difficult to Call
Wed, May 5, 10:12 AM ET, by Bill Luby

...but I think 27.23 has a good chance of holding as a top. Of course, ...

VIX Unspikes as Stocks Rebound
Fri, Apr 30, 2:12 AM ET, by Bill Luby

How many days does it take to undo a 30% spike in the VIX? This ...

Short-Term and Long-Term Implications of the 30% VIX Spike
Wed, Apr 28, 2:22 AM ET, by Bill Luby

Today the VIX spiked 30.6% and closed over 22.00 (22.81) for the first time since ...

Chart of the Week: New 52-Week Highs
Mon, Apr 26, 10:12 AM ET, by Bill Luby

There has been a good deal of debate in the investment community lately about whether ...

Content Update
Sat, Apr 24, 7:32 PM ET, by Bill Luby

Lately this blog has been unusually quiet, but there is still a lot going on ...

Chart of the Week: Goldman Sachs
Mon, Apr 19, 10:42 AM ET, by Bill Luby

There is no reason to get fancy with this week's chart of the week. The ...

MarketSci on the Stock of the Week 'Sequential Portfolio'
Thu, Apr 15, 2:22 AM ET, by Bill Luby

In case anyone missed it, I thought I should highlight an excellent discussion of the ...

Technical Resistance Looms in S&P 500 Index
Tue, Apr 13, 7:12 PM ET, by Bill Luby

With a strong earnings report coming from Intel (INTC) after hours, the futures are pointing ...

Chart of the Week: 10-Year Treasury Note Yield
Mon, Apr 12, 2:52 AM ET, by Bill Luby

I'll be the first to admit that I have never considered myself a 'bond guy' ...

Some More High Short Interest Stocks
Thu, Apr 1, 3:12 PM ET, by Bill Luby

Yesterday's Short Squeeze Portfolio One Year Later highlighted seven stocks and two ETFs which had ...

Short Squeeze Portfolio One Year Later
Thu, Apr 1, 1:22 AM ET, by Bill Luby

In retrospect, I must have been a fool in February 2009 and a genius in ...

Some Favorite ETF Sites
Tue, Mar 30, 12:42 PM ET, by Bill Luby

Since last week's mention of ETFreplay.com as one of my favorite up-and-coming ETF sites, a ...

Chart of the Week: Impact of Falling Euro on Stocks and Commodities
Mon, Mar 29, 2:12 AM ET, by Bill Luby

Given all the general economic problems facing Europe and the sovereign debt issues related to ...

Volatility Skew Charts from Livevol
Fri, Mar 26, 11:52 AM ET, by Bill Luby

Yesterday's post on ETFreplay.com triggered so many favorable comments about this site and their graphics ...

ETFreplay.com Brings ETFs, Volatility and Charts Under One Roof
Thu, Mar 25, 8:12 PM ET, by Bill Luby

As a full-time investor and part-time blogger, I have a weakness for web sites that ...

CME to Use VIX Methodology for New Crude Oil, Corn, Soybean and Gold Volatility Indices
Wed, Mar 24, 4:12 PM ET, by Bill Luby

Earlier this month, the Chicago Mercantile Exchange (CME) announced they are collaborating with the Chicago ...

Expiring Monthly: The Option Traders Journal Launches Today
Mon, Mar 22, 4:42 PM ET, by Bill Luby

For those who may have missed it, today is the official launch of Expiring Monthly: ...

Chart of the Week: VIX After 2002 Bottom
Mon, Mar 22, 11:12 AM ET, by Bill Luby

With all the comments I have heard about the persistent falling volatility, one would think ...

Bears Emboldened By Low CBOE Equity Put to Call Ratio
Fri, Mar 19, 11:12 AM ET, by Bill Luby

Truthfully, I have not surveyed our ursine friends this morning, so I really have no ...

Chart of the Week: RUT vs. DJIA
Mon, Mar 15, 9:42 AM ET, by Bill Luby

Among the many ways to evaluate the speculative activity in stocks is to evaluate the ...

Chart of the Week: Updated Nonfarm Payrolls and Unemployment Rate
Mon, Mar 8, 11:32 AM ET, by Bill Luby

Any week that the employment report is released, that data is automatically in the running ...

VIX Price Channel Chart
Fri, Mar 5, 3:12 PM ET, by Bill Luby

Today I am concluding my presentation of some of the charts I received as entries ...

Annotated VIX Downtrend Symmetry Channel
Thu, Mar 4, 12:22 PM ET, by Bill Luby

Not surprisingly, I received quite a few VIX charts in last week's chart of the ...

Correlation of VIX and "VIX Index" Searches on Google
Thu, Mar 4, 1:22 AM ET, by Bill Luby

In retrospect, recognizing only one winner for the chart of the week contest was probably ...

Charting 101
Sat, Feb 27, 12:12 PM ET, by Bill Luby

Given the dismal response to the chart of the week contest, I thought a couple ...

Chart of the Week Contest Wide Open
Sat, Feb 27, 11:32 AM ET, by Bill Luby

Much to my surprise and disappointment, the response to the chart of the week contest ...

Top Submission for Chart of the Week Wins One Free Year of Expiring Monthly
Thu, Feb 25, 3:12 PM ET, by Bill Luby

Since I launched the chart of the week feature in November 2008 (I guess it ...

Nonfarm Payrolls Before and After Recessions
Wed, Feb 24, 7:52 PM ET, by Bill Luby

I was pleased to see that Sunday's Chart of the Week: A Broader Look at ...

Two Must Read Blogs for Volatility Aficionados
Tue, Feb 23, 1:12 PM ET, by Bill Luby

Lately I have been a little light on posting due to various commitments that have ...

One Month Until the Launch of Expiring Monthly: The Option Traders Journal
Tue, Feb 23, 1:22 AM ET, by Bill Luby

Just a quick reminder that the inaugural edition of Expiring Monthly: The Option Traders Journal, ...

Chart of the Week: A Broader Look at the U.S. Economic Recovery
Mon, Feb 22, 1:32 AM ET, by Bill Luby

Last week, in Chart of the Week: Retail Sales Recovering, I attempted to demonstrate that ...

Greece or Chinese Real Estate?
Fri, Feb 12, 11:32 AM ET, by Bill Luby

A couple of days ago I posed the question, Are You Watching Greece? While I ...

ProShares Adds Four New Triple ETF Pairs
Thu, Feb 11, 12:32 PM ET, by Bill Luby

When Direxion launched the first batch of triple ETFs back in November 2008, I may ...

SPX 1070 Looms Large…Again
Thu, Feb 11, 1:42 AM ET, by Bill Luby

Like any stock index, from time to time the S&P 500 index seems to hand ...

Are You Watching Greece?
Tue, Feb 9, 2:22 PM ET, by Bill Luby

Retail investors in the United States sometimes have difficulty staying on top of events and ...

But Am I Fast Enough to Play Cornerback?
Mon, Feb 8, 7:12 PM ET, by Bill Luby

Woody Allen once said, "Eighty percent of success is showing up." Now that VIX and ...

Largest Pullback Since March 2009 Rally Began
Thu, Feb 4, 5:52 PM ET, by Bill Luby

Given all the requests I have to update the table below, I guess it is ...

Greece, Spain and the Pulse of European Anxiety
Thu, Feb 4, 12:22 PM ET, by Bill Luby

Investors who are attempting to get a sense of the magnitude of anxiety about the ...

Fidelity Offering 25 iShares ETFs Commission Free
Wed, Feb 3, 4:12 PM ET, by Bill Luby

Mutual fund giant Fidelity has largely sidestepped the ETF revolution, but the company fired in ...

Mamis Overbought-Oversold Indicator
Wed, Feb 3, 2:12 AM ET, by Bill Luby

One of the books I have recommended frequently to beginning investors is When to Sell, ...

Introducing…Expiring Monthly: The Option Traders Journal
Tue, Feb 2, 1:52 AM ET, by Bill Luby

I am delighted to announce that I am joining forces with four of the top ...

SPX Pullback Now Second Largest Since March 2009
Fri, Jan 29, 3:22 PM ET, by Bill Luby

With today's continued drop in the SPX (low of 1073.18 with 45 minutes left in ...

Volatility Spotlight: InterOil (IOC)
Fri, Jan 29, 1:32 PM ET, by Bill Luby

The first individual stock I ever put under the volatility microscope on the blog was ...

VIX and Mix on Tap Tomorrow at Invest Like a Monster
Fri, Jan 29, 1:42 AM ET, by Bill Luby

Starting tomorrow (Friday) and running for two days, the optionMONSTER team (Jon Najarian, Pete Najarian, ...

Current Pullback Is Fourth Largest Since March 2009
Thu, Jan 28, 1:22 AM ET, by Bill Luby

With the futures on a bullish trajectory following President Obama's State of the Union speech, ...

Charting the Selloff with an Andrews Pitchfork
Tue, Jan 26, 10:12 AM ET, by Bill Luby

In yesterday's The SPX and an 85 Day Moving Average I expanded on the use ...

The SPX and an 85 Day Moving Average
Tue, Jan 26, 1:32 AM ET, by Bill Luby

In the beginning of November, in Chart of the Week: Reverse Engineering a Critical Moving ...

Chart of the Week: Weekly FXI
Mon, Jan 25, 1:22 AM ET, by Bill Luby

Investors who have been waiting for a significant VIX spike to signal a changing of ...

Chart of the Week: VXX Volume Surges
Tue, Jan 19, 1:42 AM ET, by Bill Luby

I decided to take a couple of weeks off at the beginning of the year ...

Chart of the Week: Regional Banks Rising?
Sun, Jan 10, 10:31 PM ET, by Bill Luby

In 2010 I have a bunch of indicators I will be looking at in order ...

Sideways Markets, Covered Calls and the RUT
Thu, Jan 7, 0:11 AM ET, by Bill Luby

I had originally thought that I might begin 2010 with a series of articles on ...

Triple ETF Options Landscape One Month After New Margin Rules
Tue, Jan 5, 9:21 PM ET, by Bill Luby

On December 1st, the Financial Industry Regulatory Authority (FINRA) implemented more stringent margin requirements for ...

SPX Historical Volatility at Two Year Low
Mon, Jan 4, 1:31 PM ET, by Bill Luby

While it is widely understood that the VIX has a tendency to fall during the ...

Chart of the Week: The VIX and Volatility in 2009
Sun, Jan 3, 3:31 PM ET, by Bill Luby

In this week's chart of the week, I take a look back at the entire ...

VIX and More 2009 Year in Review
Thu, Dec 31, 1:51 PM ET, by Bill Luby

While I thought the Top Posts of 2009 captured many of the high points on ...

Opinions Wanted: Predict the VIX on 12/31/2010
Thu, Dec 31, 1:41 AM ET, by Bill Luby

Let's see how well the wisdom of the crowds works.Instead of a simple poll, I ...

Some Blogroll Highlights
Tue, Dec 29, 8:51 PM ET, by Bill Luby

As the year winds down, many traders and bloggers have put things on autopilot. While ...

Top Posts of 2009
Mon, Dec 28, 2:31 PM ET, by Bill Luby

As this blog starts to get a little long in the tooth, I am having ...

An Incredible Year for Junk Bonds
Mon, Dec 28, 1:11 AM ET, by Bill Luby

It is that time of year where investors look back at 2009 and ahead toward ...

VIX and More and the 2010 Bespoke Roundtable
Thu, Dec 24, 10:41 AM ET, by Bill Luby

Just a quick note to let readers know that Bespoke Investment Group is out with ...

Some Approaches to Trading ETFs
Thu, Dec 24, 1:41 AM ET, by Bill Luby

Two days ago in ETFs Increasingly Dominate Trading, I mentioned that this blog will devote ...

ETFs Increasingly Dominate Trading
Tue, Dec 22, 0:51 AM ET, by Bill Luby

During the course of 2009, my trading transitioned from a lifelong habit of focusing primarily ...

200 Days Since March 6th Bottom
Fri, Dec 18, 2:41 PM ET, by Bill Luby

Just a quick note to inform those who follow such things that today marks 200 ...

Historical Volatility Pointing to a Sub-20 VIX
Thu, Dec 17, 1:31 AM ET, by Bill Luby

Just as I get in an extended discussion of historical volatility (HV), I note that ...

Adapting Annualized Volatility to Other Time Frames
Wed, Dec 16, 1:51 AM ET, by Bill Luby

In Calculating Centered and Non-centered Historical Volatility I attempted to walk through the steps and ...

The BRIC Bull
Tue, Dec 15, 1:21 AM ET, by Bill Luby

The last time I wrote about the relative performance of the BRIC countries was a ...

Chart of the Week: A Month of New Sector Leadership
Mon, Dec 14, 0:51 AM ET, by Bill Luby

During the course of the past month or two, stocks have drifted sideways, lacking buying ...

Put to Call Ratio and the Probability of a Downturn
Fri, Dec 11, 2:11 AM ET, by Bill Luby

In the last day or two I have been fielded several questions about put to ...

When Did Volatility Bottom?
Thu, Dec 10, 1:21 AM ET, by Bill Luby

If an investor were to have a VIX-centric view of the universe, he or she ...

Calculating Centered and Non-centered Historical Volatility
Wed, Dec 9, 3:41 AM ET, by Bill Luby

Yesterday in What Is Historical Volatility? I attempted to provide a brief overview of historical ...

What Is Historical Volatility?
Tue, Dec 8, 1:11 AM ET, by Bill Luby

The volatility universe splits fairly neatly into two halves: historical volatility (HV) and implied volatility ...

Chart of the Week: Dollar Rising?
Mon, Dec 7, 1:31 AM ET, by Bill Luby

Friday was a reminder that the dollar will not go down every single day in ...

New Dr. Brett Series on Lessons for Developing Traders
Fri, Dec 4, 1:21 PM ET, by Bill Luby

If there is one blog on the web where I never seem to find the ...

VIX of 20 Spurring Market Correction?
Fri, Dec 4, 1:11 AM ET, by Bill Luby

As the chart below shows, the last two times the VIX has taken a run ...

Where Is VIX and More Headed?
Thu, Dec 3, 1:21 AM ET, by Bill Luby

I failed to mention it when it first came out a month ago, but anyone ...

Equity Put to Call Ratio Not Pointing to Correction
Wed, Dec 2, 2:41 AM ET, by Bill Luby

The recent Dubai debt crisis has spurred some investors to take some profits, protect their ...

Frontier ETFs
Mon, Nov 30, 8:11 PM ET, by Bill Luby

In yesterday's chart of the week, I looked at three ETFs with exposure to the ...

Frontier Country ETFs
Mon, Nov 30, 7:41 PM ET, by Bill Luby

In yesterday's chart of the week, I looked at three ETFs with exposure to the ...

Chart of the Week: Market Vectors Gulf States ETF (MES)
Mon, Nov 30, 2:31 AM ET, by Bill Luby

With all the hoopla over the Dubai debt situation, I am surprised that there has ...

Best Article on Dubai Debt Problem and Related Issues I Have Seen Yet
Fri, Nov 27, 12:51 PM ET, by Bill Luby

I think the best way to look at crises (both big and small) is to ...

Dubai Debt Concerns Trigger Spikes in Foreign Volatility Indices
Fri, Nov 27, 2:21 AM ET, by Bill Luby

With the S&P 500 and NASDAQ futures both down approximately 3% as I type this ...

Recent Blog Links of Note
Wed, Nov 25, 3:11 AM ET, by Bill Luby

On a typical trading day, I read or skim posts from about 300 different blogs ...

SPX Strangle Pong Post-Mortem
Tue, Nov 24, 2:31 AM ET, by Bill Luby

When I first broached the idea of Strangle Pong (a strategy of selling a front ...

Chart of the Week: No More Free Lunch for Volatility Sellers?
Mon, Nov 23, 2:11 AM ET, by Bill Luby

One month ago the VIX closed at a 2009 record low of 20.69, so it ...

Peak Oil, IEA Whistleblower Update, etc.
Fri, Nov 13, 1:31 PM ET, by Bill Luby

I have been traveling and have had limited connectivity for the past few days, but ...

VIX Data to Support Availability Bias and Disaster Imprinting Hypothesis
Thu, Nov 12, 4:41 AM ET, by Bill Luby

At the risk of beating to death last week's theme of availability bias and disaster ...

IEA Whistleblower Says Oil Production Capacity Deliberately Overstated
Tue, Nov 10, 3:31 AM ET, by Bill Luby

I am neither an alarmist nor a conspiracy theorist, but I have been extremely concerned ...

Strangle Pong Update
Mon, Nov 9, 1:41 PM ET, by Bill Luby

On October 30th, in Strangle Pong, I talked about the possibility of legging into an ...

Chart of the Week: Unemployment Rates and Education
Mon, Nov 9, 2:11 AM ET, by Bill Luby

While I have a bias in favor of using home grown charts for my chart ...

Combining Bollinger Bands on Rates of Change in the VIX
Sat, Nov 7, 1:21 AM ET, by Bill Luby

As far as I can tell, I have not yet posted about the use of ...

Open Thread: How Has Your Trading Changed?
Thu, Nov 5, 1:11 PM ET, by Bill Luby

My recent foray into issues of investor psychology and behavioral finance assumes that traders have ...

The VIX:VXV Ratio, Availability Bias and Disaster Imprinting
Thu, Nov 5, 1:31 AM ET, by Bill Luby

Once a popular subject in this space, the VIX:VXV ratio appeared to be a casualty ...

Availability Bias and Disaster Imprinting
Wed, Nov 4, 2:21 AM ET, by Bill Luby

After I dashed off The VIX Spike Conundrum, it occurred to me that there might ...

The VIX Spike Conundrum
Tue, Nov 3, 0:11 AM ET, by Bill Luby

I have been absolutely astonished by the number of comments I have seen in the ...

Chart of the Week: Reverse Engineering a Critical Moving Average
Mon, Nov 2, 2:31 AM ET, by Bill Luby

This week's chart of the week is a simple reminder that while many of us ...

Pullback Surpasses 2009 Mean
Fri, Oct 30, 2:11 PM ET, by Bill Luby

While this might not provide a great deal of comfort to longs, I have updated ...

VIX Up 26% to 31.20
Fri, Oct 30, 1:51 PM ET, by Bill Luby

For the record, the VIX only spiked more than 26% on two days during the ...

Strangle Pong
Fri, Oct 30, 12:31 PM ET, by Bill Luby

For the moment at least, it appears as if the S&P 500 index has encountered ...

The Calendar Effect and Time Decay
Fri, Oct 30, 1:31 AM ET, by Bill Luby

Since the beginning of last year, I have periodically discussed what I call "calendar reversion," ...

VIX Spike of 35% in Four Days Is Short-Term Buy Signal
Thu, Oct 29, 1:31 AM ET, by Bill Luby

It has been awhile since I posted one of my VIX studies and given the ...

VIX Currently 20% Over 10 Day Moving Average
Wed, Oct 28, 3:51 PM ET, by Bill Luby

At 27.22, the CBOE Volatility Index (VIX) is currently at its highest level since the ...

VIX Spike and VIX Futures Contango Means…
Wed, Oct 28, 12:11 PM ET, by Bill Luby

Sometimes I like to skate around some of the salient points of volatility rather than ...

VIX Spike and Futures Contango Means…
Wed, Oct 28, 11:31 AM ET, by Bill Luby

Sometimes I like to skate around some of the salient points of volatility rather than ...

The Post of the Month: An Informal History of VIX and More
Tue, Oct 27, 7:11 PM ET, by Bill Luby

From time to time I like to look back in the archives of VIX and ...

Does the Pullback Have Legs?
Mon, Oct 26, 3:51 PM ET, by Bill Luby

With stocks starting to show some signs of stability in the last half hour of ...

Breaking Down the Weakness in Transports
Mon, Oct 26, 2:51 PM ET, by Bill Luby

Yesterday's Chart of the Week: Falling Transports looked at the recent weakness in the Dow ...

Chart of the Week: Falling Transports
Mon, Oct 26, 2:31 AM ET, by Bill Luby

For the most part, last week saw some mild negative numbers in most of the ...

Trading Resources: Print and Electronic Magazines
Fri, Oct 23, 1:41 PM ET, by Bill Luby

In keeping with the theme of thinking like a biotech firm and the trader development ...

Disappointment Lurks as Volume Surges in VXX
Thu, Oct 22, 9:41 AM ET, by Bill Luby

At the beginning of the month, when I penned Why VXX Is Not a Good ...

Anchoring and a VIX of 20
Wed, Oct 21, 12:11 PM ET, by Bill Luby

I can't quite decide whether to be delighted or puzzled that so many people seem ...

Diving a Little Deeper into the Strategy-in-a-Box ETFs
Tue, Oct 20, 2:51 AM ET, by Bill Luby

I was sufficiently pleased by the response to my strategy-in-a-box ETFs post that it seems ...

VIX Narrowly Misses New Consecutive Day Decline Record
Mon, Oct 19, 8:11 PM ET, by Bill Luby

After falling for a record-tying ten consecutive days, the VIX narrowly missed setting a new ...

Chart of the Week: Strategy-in-a-Box ETFs
Mon, Oct 19, 1:11 AM ET, by Bill Luby

With interest growing in actively managed ETFs, there is another category of ETFs (and ETNs) ...

Interesting 'Pseudo VIX Buy-Write' Trade Idea
Fri, Oct 16, 3:11 PM ET, by Bill Luby

Vance at VIX Based Trading runs a blog devoted largely to using the VIX as ...

TradeKing's Options Screening Tools
Fri, Oct 16, 3:11 AM ET, by Bill Luby

When TradeKing launched their stock and options brokerage back in December 2005, I was one ...

Blogging Network a Better Buy Than BusinessWeek?
Wed, Oct 14, 12:31 PM ET, by Bill Luby

I consider myself a trader who happened to fall into blogging originally as a means ...

The 52 Week Lookback Period and New Highs/Lows
Tue, Oct 13, 1:21 PM ET, by Bill Luby

Market breadth is a great tool. It can be used to evaluate momentum and also ...

Implied Volatility Flat Ahead of Bank Earnings
Mon, Oct 12, 6:02 PM ET, by Bill Luby

With some very important earnings in the financial sector coming up this week (JPM on ...

Trader Stage Development Model Version 2.0
Tue, Oct 6, 1:21 AM ET, by Bill Luby

I was delighted to see the positive response to my draft trader stage development model, ...

Chart of the Week: NASDAQ TRIN
Mon, Oct 5, 1:51 AM ET, by Bill Luby

The NASDAQ TRIN is an indicator I generally hear very little about, yet in a ...

Post-Employment Report Links
Fri, Oct 2, 11:31 AM ET, by Bill Luby

As is usually the case here, in these links I give preference to material that ...

Why VXX Is Not a Good Short-Term or Long-Term Play
Fri, Oct 2, 2:21 AM ET, by Bill Luby

During the last month, the iPath S&P 500 VIX Short-Term Futures ETN (VXX) has been ...

Pullbacks in the 2009 Bull Market
Thu, Oct 1, 12:41 PM ET, by Bill Luby

Nearing the halfway point in today's trading session, the S&P 500 index has made an ...

The Trader Stage Development Model and the Jump from Stocks to Options
Wed, Sep 30, 3:51 PM ET, by Bill Luby

First, thanks to all who commented or wrote to me about the trader stage development ...

Draft Trader Stage Development Model
Tue, Sep 29, 12:11 PM ET, by Bill Luby

One of the underappreciated joys of blogging is the wide variety of people who you ...

Chart of the Week: VIX Macro Cycles and a New Floor in the VIX
Mon, Sep 28, 11:21 AM ET, by Bill Luby

The last time I updated my as VIX macro cycle chart, a little more than ...

VIX Macro Cycles and a New Floor in the VIX
Mon, Sep 28, 1:31 AM ET, by Bill Luby

The last time I updated my as VIX macro cycle chart, a little more than ...

End of September Links
Fri, Sep 25, 2:11 AM ET, by Bill Luby

As always and in an effort to ensure minimal overlap with some of the other ...

Where and How to Analyze Treasury Auction Results
Tue, Sep 22, 8:11 PM ET, by Bill Luby

Following An Introduction to Treasury Auctions and The Recent Treasury Auction Brouhaha, I have received ...

Sources for Country Performance
Mon, Sep 21, 4:11 PM ET, by Bill Luby

In yesterday's Chart of the Week: YTD Country Performance, I suggested FINVIZ.com as a source ...

Chart of the Week: YTD Country Performance
Mon, Sep 21, 1:31 AM ET, by Bill Luby

In this week's chart of the week, I wish simply to make two points: If ...

September Expiration Links
Fri, Sep 18, 2:41 PM ET, by Bill Luby

I have been largely out of pocket this week, but thanks to my feed reader ...

Comfort Zones, Focus and Thinking Like a Biotech Firm
Fri, Sep 18, 1:11 PM ET, by Bill Luby

In yesterday's post, Kafka, Surrealism and Trading, I talked about the importance of getting out ...

Kafka, Surrealism and Trading
Wed, Sep 16, 2:11 PM ET, by Bill Luby

There are quite a few interesting stories breaking today, but since readers can find most ...

Livevol Pro: A World Class Suite of Volatility Tools
Mon, Sep 14, 2:11 AM ET, by Bill Luby

Long-time readers will know that when it comes to charts of implied and historical volatility, ...

Implied Volatility for the DJIA Components: Now vs. 52 Week Highs
Mon, Sep 14, 1:51 AM ET, by Bill Luby

As the one year anniversary of the Lehman Brothers bankruptcy rolls around, I can imagine ...

Recent Links of Note
Fri, Sep 11, 12:41 PM ET, by Bill Luby

With some excellent content appearing during the last couple of days, I could not help ...

Position Management for SPX Short Straddle
Thu, Sep 10, 12:11 PM ET, by Bill Luby

I suspect that when most investors make the jump from stocks to options, the most ...

Updating the Triple ETF Options Landscape
Wed, Sep 9, 3:11 PM ET, by Bill Luby

A month and a half ago, in Triple ETF Options Landscape, I published a table ...

Recent Developments in Gold and Gold Volatility
Tue, Sep 8, 8:11 PM ET, by Bill Luby

With the price of gold topping $1000 per ounce today for the first time since ...

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Bill Luby Bio | Self Directed Investor | Copyright © 2008 - 2017, All Rights Reserved

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