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SPKY

ConvexityShares Trust

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Stock market volatility increased on Thursday due to major stock indices breaking down through the 50-day moving average. The Convexity Daily 1.5x SPIKES Futures ETF (SPKY) rose slightly in response to the bearish movement across stocks. 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 Federal Reserve’s monthly minutes revealed further monetary tightening could be on the horizon, which could add further downside pressure to the stock market.

Portfolio Pulse from Melanie Schaffer

August 17, 2023 | 4:56 pm

Nvidia Corporation (NVDA) stock is consolidating after Monday's surge of 8.66%. The stock's movement is in line with the S&P 500, which is trading flat ahead of the Federal Reserve's July minutes release. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and ProShares Ultra VIX Short Term Futures ETF (UVXY) are options for traders wishing to trade the potential volatility. NVDA stock has formed a possible bull flag pattern, suggesting it could be headed back toward all-time highs.

Portfolio Pulse from Melanie Schaffer

August 16, 2023 | 3:21 pm

The SPDR S&P 500 (NYSE:SPY) fell about 0.8% during Tuesday’s trading session, while the CBOE Volatility Index (CBOE: VIX) spiked over 8% amid a retail-heavy earnings week. ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) was trading about 6% higher, tracking the SPIKES Futures Short-Term Index similarly to ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY). SPKY is a short-term trading vehicle and shouldn't be held for long periods.

Portfolio Pulse from Melanie Schaffer

August 15, 2023 | 3:50 pm

Ahead of the release of key July inflation data, the SPDR S&P 500 (NYSE:SPY) traded mostly flat. This follows volatile price action on Tuesday due to Moody’s downgrading 10 U.S. small and mid-sized banks. The upcoming U.S. consumer price index (CPI) data will be crucial for the market, potentially influencing the Federal Reserve's decision on interest rate hikes. If CPI data is higher than expected, market volatility may increase, and traders may choose to leverage this through the Convexity Daily 1.5x SPIKES Futures ETF (NYSE:SPKY).

Portfolio Pulse from Melanie Schaffer

August 09, 2023 | 2:48 pm

Bitcoin, Ethereum, and Dogecoin traded near flat during Friday's session, following jobs data released by the U.S. Labor Department. The S&P 500 initially rose, reacting positively to the data, before bearish pressure dropped the market ETF. The crypto market remained muted, mostly consolidating sideways. Traders have multiple options to trade the potential volatility, including the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 9:33 pm

Ahead of Apple and Amazon's earnings reports, the SPDR S&P 500 (NYSE:SPY) opened lower, while the CBOE Volatility Index (CBOE: VIX) surged over 10%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) was trading over 3% higher after closing up 14% the previous day. SPKY, a 1.5x leveraged fund, tracks the SPIKES Futures Short-Term Index and measures volatility in a similar way to the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 2:04 pm

Amazon.com, Inc (NASDAQ:AMZN) is trading slightly higher ahead of its Q2 earnings release on Thursday. Investors are keen to see how Amazon Web Services is performing, especially after Microsoft and Google reported slowed growth in their cloud businesses. Traders can trade the potential volatility using the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY), a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 7:37 pm

Ahead of a big earnings week, the SPDR S&P 500 (NYSE:SPY) traded flat while the CBOE Volatility Index (CBOE: VIX) rose by 4.5%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY), a 1.5x leveraged fund, also traded flat. The SPKY's double inside bar pattern leans bullish, indicating a potential upward break. However, if the ETF breaks down under $4.55, a downtrend is likely to resume.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 2:40 pm

The Convexity Daily 1.5x SPIKES Futures ETF (SPKY) was consolidating over 5% lower after surging about 11% on Thursday. 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). Following the Federal Reserve’s decision to apply a 0.25% rate hike, the SPDR S&P 500 (SPY) dropped 1.42% of its high-of-day on Thursday. On Friday, the SPY and SPKY were consolidating with inside bar patterns on lower-than-average volume.

Portfolio Pulse from Melanie Schaffer

July 28, 2023 | 4:09 pm

ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) is trading flat ahead of the Federal Reserve's decision on interest rates. The fund, which tracks the SPIKES Futures Short-Term Index, is similar to ProShares Ultra VIX Short Term Futures ETF (UVXY). The Federal Reserve is expected to announce a 0.25% rate hike, which could increase market volatility and potentially send SPKY higher. SPKY is currently in oversold territory and may be set for a short-term bounce.

Portfolio Pulse from Melanie Schaffer

July 26, 2023 | 3:34 pm

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