UVIX: Hold Despite Macro Uncertainty
2026-01-22 22:38:22 ET
Overview
The VIX futures term structure has been in contango for almost two months now, punishing UVIX, which is constantly rebalancing by selling close-to-expiry futures and buying more expensive longer-dated futures. Furthermore, the intraday VIX spike on January 15, driven by Fed and semiconductor export uncertainty, left UVIX down on the day, demonstrating the fragility of long-VIX products in generally low-volatility environments. In this article, I will explore the emergence of 0DTE options in the S&P 500 market as well as structural issues with UVIX, arguing that the product is not suitable in this environment....
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UVIX: Hold Despite Macro Uncertainty
NASDAQ: UVIX
UVIX Trading
-6.07% G/L:
$17.1795 Last:
642,177 Volume:
$17.46 Open:
