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New generation of day traders making money from fear

Investing in Wall Street's volatility index - VIX - is now as easy as buying regular stocks. And the numbers of those doing so are rising rapidly

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Mr Seth Golden trading the VIX from his home. A new generation of day traders, deploying an expanding array of opaque, high-risk, high-return vehicles concocted by Wall Street, are pouring into the volatility index, making bets on whether it will rise or fall.

New York

EACH morning, at the market's open, Seth Golden, a former logistics manager at a Target store, fires up the computer in his home office in northern Florida and does what he has done for years: Put on bets that Wall Street's index of volatility, the VIX, will keep falling.

sentifi.com

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