NEW YORK, Dec 18 (Reuters) – Trading in the U.S. options of
the largest Russian exchange-traded fund on Thursday suggested
that some traders may have begun positioning for the fund’s
shares to add to gains after hitting multiyear lows earlier in
Shares of the Market Vectors Russia ETF were down
2.5 percent at $15.43 on Thursday even after Russian President
Vladimir Putin, in a news conference in Moscow, assured Russians
that the economy would rebound after the rouble’s dramatic slide
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NEW YORK (Reuters) – Just when it looked like Wall Street’s fear gauge would settle down for the holidays, it has been on the rise again, and a jump in the cost of hedging suggests that volatility might be here to stay at least until year-end.
The spike in the CBOE Volatility Index, which by Tuesday had sent it to a two-month high of 25.20, has come within a span of eight days. Past surges in the VIX would suggest that it may continue to rise for a few more days.