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SPKY

ConvexityShares Trust

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The 2x Long VIX Futures ETF (UVIX) and ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) have seen significant increases over the past week, with UVIX up 24.77% and SPKY up 19.29%. On the other hand, Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and MicroSectors Travel 3x Leveraged ETN (FLYU) have seen decreases, with NAIL down 18.39% and FLYU down 16.78%.

Portfolio Pulse from Johnny Rice

October 19, 2023 | 8:50 pm

The SPDR S&P 500 (NYSE:SPY) rose over 0.5% after the Bureau of Economic Analysis revised U.S. GDP to 2.1% in Q2, indicating softer economic growth. This suggests the Federal Reserve's monetary tightening policy is working, sparking hope that interest rates may remain steady. The SPY's rise broke a rising channel pattern, common in bull cycles, but a retracement is likely. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY) are options for traders seeking to trade potential volatility.

Portfolio Pulse from Melanie Schaffer

August 30, 2023 | 5:12 pm

The SPDR S&P 500 (NYSE:SPY) surged over 1% higher after data showed U.S. job openings decreased below 9 million for the first time since March 2021, indicating a cooling labor market. This gives investors hope that the Federal Reserve’s rate hike campaign is succeeding, which could lead to a pause next month. The SPY is trading in an uptrend, with the formation of a higher high. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY) are also mentioned as options for traders wishing to trade potential volatility.

Portfolio Pulse from Melanie Schaffer

August 29, 2023 | 6:03 pm

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

Apple Inc. (AAPL) stock showed indecision after Federal Reserve chair Jerome Powell indicated that more interest rate hikes are possible. The stock briefly fell under Thursday's low on Friday. If Apple trades higher on Monday, a new uptrend may be on the horizon. However, if it falls lower, the trend could continue downwards, increasing stock market volatility due to Apple's weight in the S&P 500. Traders can trade the potential volatility with options like the ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 25, 2023 | 5:05 pm

The SPDR S&P 500 (SPY) experienced volatility following Federal Reserve chair Jerome Powell's remarks at the Jackson Hole Symposium, indicating potential interest rate hikes. This led to increased volatility in the stock market, with the ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiking up almost 9%. SPKY is a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index, similar to ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 25, 2023 | 4:29 pm

The SPDR S&P 500 (NYSE:SPY) rose about 1% during Wednesday's trading session, ahead of Nvidia Corporation's earnings print and the Jackson Hole Symposium. The SPY had fallen 5.75% between July 17 and Aug. 18 before rebounding over the last four trading days. There's a possibility the market ETF could be settling into a bear flag pattern. If the SPY breaks down from the bear flag pattern, volatility in the stock market is likely to increase. Traders can trade the potential volatility with options like the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 23, 2023 | 5:48 pm

The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiked up almost 1% higher on Tuesday, possibly confirming a new uptrend. The move was in tandem with an upward swing in the S&P 500 VIX Short-Term Futures Index (VIX), which was moving inversely to the S&P 500 ahead of Nvidia Corporation’s earnings print and the Jackson Hole Symposium. SPKY is a 1.5x leveraged fund, similar to ProShares Ultra VIX Short Term Futures ETF (UVXY), which tracks the movement of the VIX.

Portfolio Pulse from Melanie Schaffer

August 22, 2023 | 5:43 pm

The Convexity Daily 1.5x SPIKES Futures ETF (SPKY) started the trading session with a slight gap down before trading near flat. SPKY is a 1.5x leveraged fund that follows the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY). The market may see increased volatility due to Nvidia Corporation’s upcoming earnings report and Federal Reserve chair Jerome Powell's speech at the Jackson Hole Symposium. If Nvidia's report is positive and Powell hints at rate cuts, big tech could push significantly higher.

Portfolio Pulse from Melanie Schaffer

August 21, 2023 | 4:58 pm

The stock market and Bitcoin experienced a downturn, with the S&P 500 closing down 0.77% and Bitcoin closing 7.15% lower. This was due to concerns that the Federal Reserve will continue its rate hike campaign. As a result, stock market volatility increased, with the Volatility S&P 500 Index rising 6.74%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiked higher, as predicted by Benzinga. SPKY is a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 11:08 am

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