1. CBOE GOLD ETF VOLATILITY INDEX – GVZ – NEW FUTURES AND OPTIONS
Interest in gold investments recently has surged as investors seek perceived “safe haven” investments, and the price of gold recently rose above a record $1447 per ounce. Futures on the CBOE Gold ETF Volatility Index (GVZ) are scheduled to launch tomorrow March 25, and the launch GVZ options is expected in upcoming weeks.
2. NEW SKEW INDEX and PERCEIVED RISK OF “BLACK SWAN” EVENTS
Last month CBOE introduced the CBOE S&P 500® SKEW Index (ticker symbol: SKEW), a benchmark measure of the perceived risk of extreme negative moves — often referred to as "tail risk" or a "black swan" event — in U.S. equity markets.
The year-to-date high for the SKEW Index was 136.43 on February 18, 2011, and in recent days the SKEW Index was near 121.