|Bid||10.35 x 46000|
|Ask||10.37 x 1200|
|Day's Range||10.14 - 10.48|
|52 Week Range||10.14 - 48.15|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-38.49%|
|Beta (5Y Monthly)||1.00|
|Expense Ratio (net)||0.89%|
An exchange-traded derivative is merely a derivative contract that derives its value from an underlying asset that is listed on a trading exchange and guaranteed against default through a clearinghouse. Due to its presence on a trading exchange, ETDs differ from over-the-counter derivatives in terms of their standardized nature, higher liquidity, and ability to be traded on the secondary market. ETDs include futures contracts, options contracts, and futures options.
Volatility surged to the highest levels since 2008 in March of last year as a result of the coronavirus pandemic and its dramatic impact on the global and U.S. economy. It has since moderated but remains at elevated levels compared to before the pandemic.
Derivative contracts can be used to build strategies to profit from volatility. Example strategies to use are the straddle and strangle strategies.