Core Insights - The article discusses the performance and strategy of Simplify's Volatility Premium ETF (SVOL) since its inception, highlighting the challenges and adjustments made in response to market conditions [1][18][20]. Investment Experience - The total investment in SVOL amounted to approximately US$3,253, with an average purchase price of $21.689 as of August 27, 2024 [3][5]. - As of December 3, 2025, the annualized internal rate of return (XIRR) is reported at -4.45%, with an unrealized capital loss of -19.22% [6]. Dividend Distribution - SVOL has provided monthly dividends, with a 30% withholding tax applied. The annualized yield at cost after tax is approximately 15% [8]. - A detailed table of dividend distributions shows consistent payments, with the highest yield recorded at 11.6% for several months [7]. Strategy Shift - In January 2025, Simplify modified SVOL's strategy to reduce aggressive short-volatility trading and increase diversification and hedging, anticipating a more volatile market environment [21][22]. - The new strategy aims for resilience and capital preservation rather than maximum yield, resulting in a more balanced allocation between income and risk management [25][26]. Performance Comparison - The performance of SVOL is contrasted with SVIX, an inverse VIX-linked ETF, indicating that SVOL has underperformed compared to a pure short VIX product [26][27]. - The article emphasizes the complexity of SVOL's performance due to its mixed strategy, making it harder for investors to understand its returns compared to simpler products like SVIX [28][29]. Future Outlook - The article suggests that the effectiveness of the new strategy will be evaluated over time, particularly in how well it can manage volatility and provide stable returns [34][32]. - The communication and execution of the strategy by Simplify are deemed critical for investor confidence and long-term performance [33].

For years, December has behaved like the financial markets' warm cup of cocoa: smooth, comforting, and reliably sweet. But strategists warn this year's holiday season may be serving something closer to an espresso shot with a trembling hand. With volatility creeping back, and megacaps wobbling like ornaments on a thin branch, ETFs tied to defensive positioning and dispersion may become December's unlikely headliners.Volatility ETFs Take Center StageAccording to Yahoo Finance, Amy Wu Silverman, of RBC, said ...

Core Viewpoint - SoFi's stock has exhibited significant volatility, with a beta of 1.92x, indicating it is nearly twice as volatile as the broader markets [1] Company Performance - SoFi went public in 2021 through a merger with a SPAC and reached an all-time low of $4.24 in December 2022, largely due to a market downturn affecting growth and tech stocks [2] - The stock has shown remarkable recovery, rising 116% in 2023 and an additional 55% the previous year, with a nearly 80% increase in 2025 [3] - Despite its volatility, SoFi's stock has risen over 220% since bottoming at $8.60 in April 2025, presenting opportunities for short-term trading [4] Fundamental Strength - SoFi has a growing ecosystem, with a member count increasing by 34% year-over-year to 11.7 million in Q2 2025, representing significant cross-selling opportunities [6] - The company has demonstrated strong revenue growth, with expectations to increase from $1.01 billion in 2021 to $3.375 billion in 2025, reflecting a compound annual growth rate (CAGR) of over 35% [7]

Core Insights - Capstone Investment Advisors is closing its Hong Kong office after approximately four years of operation, highlighting challenges faced by new entrants in the region against established firms [1][2] - The closure will affect six employees from the Hong Kong team, but the company remains committed to trading Asian markets from other locations [2] - Capstone, founded in 2004, specializes in derivatives and volatility trading, with assets increasing from $8.8 billion in June 2021 to $11 billion as of September 11 [3] - The decision to establish the Hong Kong office was made around 2021, with plans to allocate $1.5 billion of risk capital to Asia by Q2 2024 [4]

Core Insights - The options markets are anticipating a 0.78% move for the US nonfarm payrolls report on October 3 and a 0.72% move for the Federal Reserve's rate decision on Wednesday, indicating significant market focus on these events [1][4] - A 25 basis-point rate cut is fully priced in, with investors keenly observing Fed Chair Jerome Powell's press conference for any dovish or hawkish signals regarding future interest rate adjustments [3] - The upcoming jobs data is critical, as further deterioration could prompt a faster pace of rate cuts, potentially boosting the market in the short term but increasing the risk of a selloff [5] Market Dynamics - The Federal Reserve is expected to cut interest rates, and the quarterly expiration of equity options is set for Friday, which may clear dealer positions but is not expected to lead to immediate volatility [2] - Historical data suggests that while intraday market returns are usually positive during emergency rate cuts, medium-term returns often turn negative due to market interpretations of economic deterioration [6] - The triple-witching expiration on Friday is being downplayed by market watchers, although historical trends indicate that intraday swings in the S&P 500 Index during expiration weeks tend to be marginally higher than the following week [7] Volatility Expectations - Traders are not anticipating an immediate return of volatility despite the significant events on the horizon, with negative payrolls likely needed to trigger higher volatility [4] - The theory that markets are more free to move post-expiration is challenged by the observation that this is typically seen when volatility is higher, suggesting a complex relationship between dealer positions and market movements [8]

Performance - MN Fund's August gross return is +4.29% [1] - MN Fund's Year-to-Date (YTD) return is +12.21% [1] - Bitcoin corrected by 8.65% in August [1][2] Strategy - The fund employs volatility trading and core holdings [1] - Core holdings are positioned appropriately [1] - The fund secured a stable profit despite Bitcoin's 8.65% fall in August [2]

Trading Strategy - The strategy involves trading volatility during altcoin runs [1] - Allocating capital towards altcoins during substantial corrections of 20-40% is advised [2] - A small window of opportunity exists to profit from these dips [2]

Core Viewpoint - Roku Inc has announced a partnership with Amazon to enhance its connected TV presence, potentially reaching 80 million households and allowing marketers to utilize Amazon's ad-buying system to target this audience [1] Group 1: Stock Performance - Roku's stock increased by 10% to $81.88 following the announcement, reclaiming its year-to-date breakeven level and on track for its highest close since March 6 [1][2] - The stock has formed a bullish falling wedge pattern, with a year-over-year increase of 48.7% from its February 14 annual high of $104.96 [2] Group 2: Options Activity - Options trading has surged, with 24,000 calls and 4,736 puts exchanged, indicating nine times the typical volume for this time of day [3] - The June 85 call is the most active option, with new positions being sold to open [3] Group 3: Short Interest and Volatility - Despite the stock's rise since early April, short interest has increased by 24.9% in the last month, now accounting for 7.6% of the stock's available float [4] - The stock's Schaeffer's Volatility Index (SVI) is at 49%, in the low 9th percentile of annual readings, suggesting that premiums are affordable amid low volatility expectations [5]