[mrbaseball]

[ QUOTE ]
Mr. B do you trade the Vix? The Vix itself is pretty crazy. It's up something like 16% today. Do you also think there should be a VIX-like product to trade for S&P Futures (rather than doing multiple trades to get the same effect?


[/ QUOTE ]

Actually I do trade VIX options. The volatility of volitility is more volatile than just about anything. Huge huge huge swings from day to day and even hour to hour. I don't really think another volatility contract is neccessary for S&P futures since SPX is for all intents and purposes the same thing. VIX is thinnish trade anyway (although picking up recently). I'm not sure there are enough volatility of volatility players out there. It can be a great overall hedge for an options portfolio.