Trade ideas

Screening Filters

1. price_change_pct: min = -5%, max = +5%

   • Purpose: Focus on volatility‑linked stocks/ETFs that have moved, but not already “blown out” in either direction today.
   • Rationale:
     • Your request is for trade ideas based on the current VIX setup, not for chasing instruments that have already made extreme moves.
     • Keeping the daily move within ±5%:
       • Excludes many “gone parabolic” products that may already have priced in the latest VIX move and now have poor risk/reward.
       • Avoids extremely illiquid or distressed names that can show very large percentage swings unrelated to VIX behavior.
       • Surfaces candidates that are still reasonably close to their recent prices, giving you room to structure swing trades around the VIX outlook (e.g., buying before a potential volatility spike or fading an already-elevated VIX).

2. themes: ['volatility', 'inverse volatility', 'VIX futures']

   • Purpose: Restrict results to products whose performance is directly tied to volatility, especially the VIX and VIX futures curve.
   • Rationale:
     • You explicitly asked for ideas “based on the current analysis of the VIX (CBOE Volatility Index) and related instruments like VIXM.”
     • The selected themes do exactly that:
       • volatility: Captures long‑volatility ETPs and ETFs (e.g., products similar to VIXM, VXX, UVXY) that gain when VIX and/or VIX futures rise. These fit a thesis like “I expect fear/volatility to increase from here.”
       • inverse volatility: Captures products that benefit when volatility falls (short‑vol exposure, such as SVIX/XIV‑type structures in markets where available). These are relevant if your VIX analysis suggests mean reversion lower or a normalization after a spike.
       • VIX futures: Targets funds/ETNs that explicitly hold or track VIX futures, which is exactly how VIXM is structured. This theme aligns most directly with your reference to VIXM and the term structure of VIX futures.

Why Results Match Your Request

• Your question: “Provide trade ideas based on the current analysis of the VIX (CBOE Volatility Index) and related instruments like VIXM.”
  Our system cannot directly screen the VIX index itself (it’s an index, not a tradable stock/ETF), nor can it filter on “VIX level” as a numeric indicator.

• Instead, the screener:

  • Uses volatility / inverse volatility / VIX futures themes to home in on ETFs and ETNs that behave like or against VIXM, i.e., those whose returns are driven by VIX futures and equity volatility expectations.
  • Uses the ±5% daily price‑change band to find instruments that are:
    • Volatility‑linked enough to respond to your VIX thesis.
    • Not already experiencing extreme one‑day moves that could make new entries much riskier.

So while we cannot directly filter “by VIX reading,” the chosen filters are an effective proxy: they surface tradable volatility products (similar to VIXM, both long and inverse) that are in a reasonable daily move range, giving you realistic starting points to construct the VIX‑based trade ideas you requested.