Someone can advise me on possible ways to bet on Vix without using options and futures?I mean, how can I avoid to roll on contract being exposed to Vix future movements?Is it possible to build etf (such as commoditiy etfs) or certificate, warrant etc?Thanks

i'm sure if you want to pay the nice fees attached a bank will structure a note for you (if you need the exposure in size).what's wrong with futures?

apart from notes, futures are problematic since I'v to roll them at expiry while I need an instrument that give me exposition without bothering on rolling contracts.

1 minute work every month? i'm sure talking to banks to structure the note will take at least 5-10 years of 'rolling time'

the vix is not an investable index - there is no chance you can avoid rolling the futures, and nobody on the street will structure a payoff which pays out Vix(T)/Vix(0) for that reasonthis is actually quite intuitive: with vol levels so low, one would buy a free option on vol with such payoffmy 2 cents: forget about it!e.

Quote1 minute work every month? Lepperbe,With due repect to bismarx, I doubt that "rolling" is really the problem. I know of buy-side people that were interested in buying volatility when the Vix hit single digits but were put off by the negative theta - and consequent daily settled negative carry - that this entails.

Simpler there're people working for institutions where politics and not market drive decisions.What's the matter? Try to imagine that you've got a collar on a currency expiring next week and, as you're going abroad for two weeks, you want to roll the call and put before expiry. Well, it's sound easy and savvy to do it but....consider that one of the directors tells you: "I cannot authorize this trade just because you're going abroad and....you cannot do it abroad". Well, it's sad but it happened! Not all institutions work the same way, not all are efficient and not all are run by the right people. It happens in pension funds! Beleive or not believe.That's why I'm thinking about a product which eerase this form of operational risk.

QuoteOriginally posted by: PKKoopQuote1 minute work every month? Lepperbe,With due repect to bismarx, I doubt that "rolling" is really the problem. I know of buy-side people that were interested in buying volatility when the Vix hit single digits but were put off by the negative theta - and consequent daily settled negative carry - that this entails.ah yes, that is a different matter than the actual rolling itself. the hugely negative roll return. there's obviously a quite big risk premium priced in these futures. given the correlation with equities, otherwise nobody would be a seller right?

QuoteOriginally posted by: bismarxSimpler there're people working for institutions where politics and not market drive decisions.What's the matter? Try to imagine that you've got a collar on a currency expiring next week and, as you're going abroad for two weeks, you want to roll the call and put before expiry. Well, it's sound easy and savvy to do it but....consider that one of the directors tells you: "I cannot authorize this trade just because you're going abroad and....you cannot do it abroad". Well, it's sad but it happened! Not all institutions work the same way, not all are efficient and not all are run by the right people. It happens in pension funds! Beleive or not believe.That's why I'm thinking about a product which eerase this form of operational risk.true. i'm sure they'll be able to structure something for you for a certain price. it's not exactly rocket science.however, bear in mind the word of the previous poster. your payoff will not follow vix index, but rather vix futures which carry a rather large negative carry.