Analysts said the swaptions market has been skewed toward more receivers, as participants brace for further rate declines. "There has been a lot of convexity receiving. Investors also want to buy ...

By accounting for real-world investor needs and market behavior ... the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate, or index.

Commonwealth Equity Services LLC grew its position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD – Free Report) by 82.8% in the 4th quarter, HoldingsChannel.com reports.