VOLATILITY VIEWPOINT

SPIKES

What is it? Why bring it to the market now?

SPIKES launched on Feb 21. How did it go? How has the market responded to SPIKES?

How is the liquidity shaping up in SPIKES in the early days?

VOLATILITY REVIEW

SPIKES - 14.79 VIX Cash - 14.75 VVIX - 80 VIX Options - ADV: 476k

VXXB - 31.5

VOLATILITY VOICEMAIL

Question from J Sign - Is Spikes live? I can't find it on my broker screen? What's the ticker? Question from Vex1 - Why does it take so long for new volatility products to come to market?

CRYSTAL BALL

Next week:

Mark L. - 14.50

Mark S. - 13.05