​Daily Wrap – Investor Takes SPY Jelly Roll Bite, VIX Weeklys Kick-Off

VIX Weekly futures started trading today, with an estimated 205 contracts executed. The weeklys seem to be getting great support from both sell and buyside market participants. One trader told EQD today they would make a great spreading tool against other ETF positions. Also in today’s U.S. coverage, one investor entered a sizable jelly roll trade on the SPY, while other large volume was also seen on the ETF. In Europe, Deutsche Bank and Leonteq have entered into a new cooperation for the origination and distribution of structured investment products.