Iron condors ready to swoop on short VIX ETF

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Iron condors ready to swoop on short VIX ETF

Chile
Chile. Valley of Geysers in the Atacama Desert | Kseniya Ragozina - Fotolia

Denver-based financial boutique IPS Strategic Capital is readying a novel out-the-money iron condor trade on the ProShares Short Volatility Index Short Term Futures Exchange Traded Fund, as a short term hedge against S&P500 drawdowns of between 5%-6%.

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