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SPKX

ConvexityShares Trust

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The ConvexityShares Daily 1x SPIKES Futures ETF (SPKX) fell about 5% on Monday, ahead of key economic data sets that could influence the Federal Reserve's decision on rate hikes next month. The SPKY is a 1.5X leveraged fund that tracks the SPIKES Futures Short-Term Index and measures volatility in a similar way to ProShares Ultra VIX Short Term Futures ETF (UVXY). The market is currently pricing in an 80% probability that the central bank will keep rates steady in September, but a 61% chance of a rate hike in November.

Portfolio Pulse from Melanie Schaffer

August 29, 2023 | 11:49 am

The article discusses sector-specific volatility in the stock market, highlighting that different sectors have varying levels of sensitivity to market fluctuations. The most volatile sectors include Technology, Energy, Biotechnology and Pharmaceuticals, and Consumer Discretionary. The article suggests that understanding this volatility can help investors make informed decisions and diversify their portfolios. It also mentions the use of volatility ETFs, like ConvexityShares 1x SPIKES Futures ETF (NYSE:SPKX), as a strategy to hedge against market-wide volatility.

Portfolio Pulse from Johnny Rice

August 24, 2023 | 4:47 pm

The SPDR S&P 500 (NYSE:SPY) experienced a drop due to selling pressure after Nvidia Corporation's Q2 earnings beat. Traders are anticipating a hawkish tone from Federal Reserve chair Jerome Powell at the Jackson Hole Symposium, which may indicate continued interest rate hikes. The SPY is trading in a possible bear flag pattern, suggesting increased market volatility. Traders can trade this volatility with options such as the ConvexityShares Daily 1x SPIKES Futures ETF (NYSE:SPKX) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 24, 2023 | 4:28 pm

Warren Buffett, chief of Berkshire Hathaway, suggests real estate as a safe bet during turbulent times. He also mentions that volatility can present opportunities for savvy investors. Volatility ETFs like ConvexityShares 1x SPIKES Futures ETF can be traded to profit from market volatility. Buffett also suggests looking for undervalued stocks during market chaos.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:04 pm

The SPDR S&P 500 (NYSE:SPY) was trading lower amid concerns of a global housing crisis and fears of the Federal Reserve continuing to hike interest rates. The ETF has declined almost 2% since Wednesday and over 5% since July 27. If the SPY continues its downtrend, volatility may increase. Traders can trade the potential volatility with options like the ConvexityShares Daily 1x SPIKES Futures ETF (NYSE:SPKX) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 5:01 pm

A screening of small-cap ETFs with Assets Under Management (AUM) below $400 million revealed the largest positive and negative returns of the week. Winners include Simplify Interest Rate Hedge ETF (PFIX) and ConvexityShares 1x SPIKES Futures ETF (SPKX), while losers include iShares MSCI Russia ETF (ERUS) and KraneShares European Carbon Allowance Strategy ETF (KEUA).

Portfolio Pulse from Johnny Rice

August 04, 2023 | 4:41 pm

Ahead of the Federal Reserve's decision on interest rates, ConvexityShares Daily 1x SPIKES Futures ETF (SPKX) dropped about 1%, hitting a new all-time low. The ETF, which tracks the SPIKES Futures Short-Term Index, is similar to ProShares Ultra VIX Short Term Futures ETF (UVXY). Traders looking for gains on stock market volatility could opt for ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY). Post the Fed's meeting, market volatility could increase, potentially driving SPKX higher.

Portfolio Pulse from Melanie Schaffer

July 25, 2023 | 4:43 pm

Convexity Daily 1x SPIKES Futures ETF (SPKX) was trading over 2% higher on Thursday, bouncing up from near the $9 level. The ETF tracks the SPIKES Futures Short-Term Index and measures volatility in broad-based equities. The Federal Reserve’s next meeting is on July 25 and 26, when the central bank is expected to announce another 0.25% rate hike. Tesla and Netflix's bearish reactions to their Q2 earnings have drawn the S&P 500 lower and caused the VIX to rise about 1.9%. This could increase stock market volatility and send SPKX higher.

Portfolio Pulse from Melanie Schaffer

July 20, 2023 | 5:02 pm

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