You can regress XIV returns on SPY returns to compute a dollar hedge ratio. Recently it has been about 4.
All ES profits gone this week on a flat market and VXV also up 13% so for the week vs. flat SPY. It's so stupid how the market is overreacting so much to this. All that will happen is the currencies will change, and the transition will take years and be very gradual.
3-6 month volatility up 12% this week vs. flat SPX...would you say that's not unusual? Put buying does create a downward force on the market but it may have been offset by the strength in the energy sector this week. The fact that the EWU (UK) etf is down 4% in the past two days is evidence that brexit is being priced in. If it happens my guess is it will probably fall another 5%
You're confused. UK is not part of the Schengen area like the rest of Europe (for the most part). When you enter the UK there is passport control, whether UK is in the EU or not doesn't change anything, the procedure will be the same or very similar. If you're talking about illegal immigrants then that won't change anything either. EU immigrants are actually contributing to the UK economy on a net basis. Of course there will be some who abuse the health care system but the stats clearly demonstrate they are a small minority. Non-EU immigrants are a problem as they abuse the system and are a net drain on the system but again - nothing will change when it comes to this as the immigration policy for them will be the same.
Well I plead guilty to that. After reading your post I made some little effort to recheck my facts but gave up. The number of people writing about it and saying totally contradictory things makes it a nightmare to get an objective picture. I do know that there are a number of people writing about it that definitely don't agree with you (e.g. European vs non-European immigrants) but I would be loath to have to debate the points. Of course there's also the problem that a number of explanatory videos have been published where the speaker is using a variant of English that I simply cannot understand: What did he say??? Gobbledygook! As I said, I don't really care about it and I don't think it will have any effect on the US economy or markets one way or the other. {for those who don't know what the 'Schengen Area' is (about 99.9% of Americans) https://en.wikipedia.org/wiki/Schengen_Area }
What I said about EU migrants vs Non-EU migrants was not my opinion but fact based on research. http://www.independent.co.uk/news/u...y-but-non-eu-migrants-cost-118bn-9840170.html https://www.ucl.ac.uk/news/news-articles/1113/05112013-ucl-migration-research-salt-dustmann/ "UK immigrants who arrived since 2000 are less likely to receive benefits and less likely to live in social housing than UK natives. What’s more, over the decade from 2001 to 2011, they made a considerable positive net contribution to the UK’s fiscal system, and thus helped to relieve the fiscal burden on UK-born workers. The positive contribution is particularly evident for UK immigrants from the European Economic Area (EEA – the European Union plus three small neighbours): they contributed about 34% more in taxes than they received in benefits over the period 2001-11." Makes me wonder if the "patriotic" Brits are going to throw out other Brits next, how will that work, who will want them.
Can you explain? Is hedging with vol means buying put, if so from a net cost basis, can it be cheaper than selling the underlying? Thanks.