2015 Investing in the VIX, 3 VIX Funds to Own for 2015: iPath S&P VIX-Short-Term Futures ETN (NYSE: VXX), ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY), VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX)

Historically, the Chicago Board Options Exchange Volatility Index — or VIX, for short — has been a bellwether benchmark for measuring the volatility of the U.S. financial markets.
Its formula is fairly simple: Take a mathematical estimate of how investors believe the S&P 100 Index option (OEX) will move in the next year using a calculation based on the disparity between current OEX put and call option prices.
In that equation, the VIX rises when put option purchases move upward and declines when call option activity is robust.
In general, a “read” on the VIX is the result of that formula over a 30-day trading period. A high VIX figure means traders fear a volatile market environment. (more)

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