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
Wed, Aug 30, 2017 - 5:50 AM
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.
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.