SPKX ConvexityShares 1x SPIKES Futures ETF
What is SPKX?
SPKX is geared towards active traders and speculative investors. The fund tracks an index which continuously rolls the two nearest month SPIKES futures contracts as they approach expiration.
SPKX Factset Analytics Insight
SPKX is geared towards active traders and speculative investors who seek to potentially capitalize on the changes in broad-based US equity volatility. The fund intends to offer an alternative to traditional market volatility products that reference historical volatility based on a broad market index. SPKX tracks an index that measures the expected, or implied, 30-day volatility in the SPDR S&P 500 ETF (SPY) using SPIKES futures. The index uses a proprietary daily average pricing technique that is a blend of trades, bids, and offer prices. The SPKX fund allocates equally to the front month and second month SPIKES futures. The fund then continuously rolls, on a daily basis, the front month SPIKES futures contracts to the next available month. Users of SPKX should keep the fund is expected to be significantly more volatile than SPY, costs of daily rolling process can negatively impact daily return, and monitor position limits of futures contracts.
SPKX Summary Data
SPKX Portfolio Data
SPKX Index Data
SPKX Portfolio Management
SPKX Tax Exposures
SPKX Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPKX. SPKX is rated a 5 out of 5.
SPKX Asset Allocation
SPKX Performance Statistics
SPKX Top 5 Holdings Long
SPKX Top 5 Holdings Short
SPKX Correlations (Daily Returns 12 Mo)
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.