All four of the S&P 500 oriented volatility indexes dropped last week as we finally got the September FOMC meeting behind us. At this point there are two more meetings in 2015. What I find interesting is VXV, which is a measure of 3 month expected volatility held up more than the other three indexes. It just so happens that 3 months from this week is also the final FOMC meeting of the year.
In the ETN space, VXX, UVXY, and TVIX gave up more of the recent gains despite the VIX[...]