Options Trading Opens on the VXX

The IPATH S&P 500 VIX SHORT-TERM FUTURES ETN

is trading flat on the session, currently trading $28.34. The exchange traded note, which seeks to replicate, net of expenses, the S&P 500 VIX Short-Term Futures Total Return Index, has just opened up its options trading operation this morning. Puts are favored on the ETN during today’s trade with 2,266 contracts across multiple months and strikes being purchased. 83% of all puts traded have been purchases on the offer. This ETN tracks the first two months of the CBOE Volatility Index

Futures with the index continuously rolling positions throughout each month from the first month VIX futures contract into the second month VIX future.