A Crash Course on the Rise and Fall of the Hottest Trade

The video explains the VIX index, a measure of market volatility, and its implications for traders. It discusses the VXX, an exchange-traded note that tracks VIX futures, and the costs associated with managing these futures. The video also covers shorting volatility through products like SVXY and XIV, highlighting their performance during market fluctuations. Finally, it describes the impact of a market downturn on these products, leading to forced liquidations and halted trading.

What strategies do Wall Street products offer for betting against low VIX levels?

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Describe the impact of the recent volatility spike on short VIX products.

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