Ultra VIX Short-Term Fut ETF Proshares (UVXY) 21.38 $UVXY
The Curious Case Of Elevated Volatility (Weight Of Evidence, Part 2 Of 7)
360 Investment Research - at Seeking Alpha - Tue Nov 18, 2:33PM CST
"Fear tends to manifest itself much quicker than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline." ~ Philip Roth The CBOE Volatility Index is often referred to as the FEAR Index....
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
Contrarian Eats Crow Over Decay Of Two Hedges That Protect Against Coming Dollar And Market Corrections
Bart Gruzalski - at Seeking Alpha - Fri Nov 14, 9:30AM CST
TVIX: 2.46 (-0.06), UVXY: 21.38 (-0.85)
Contrarian Delight: Maybe Last Chance To Invest Or Hedge With UVXY At All Time Lows
Bart Gruzalski - at Seeking Alpha - Fri Nov 07, 4:36PM CST
UVXY: 21.38 (-0.85)
Overcrowded Trade Du Jour: Short Volatility
Jesse Felder - Seeking Alpha - Tue Nov 04, 2:50PM CST
Periods of low volatility are to investors what a sweet lullaby sung by whispering nanny is to an overtired baby. It relaxes them, gets them to put their worries aside and believe that everything is going to be okay. Great for babies. Not so great...
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
The VIX And Seasonality: Long Live Santa Claus And The Turkey Gods
Force Majeure - Seeking Alpha - Mon Nov 03, 11:35AM CST
The month of October has certainly been a wild one for U.S. markets with the second half of the month the polar opposite of the first. The first two weeks were dominated by fear regarding global growth, ebola, and geopolitical instability and...
TVIZ: 19.85 (-0.01), TVIX: 2.46 (-0.06), SPY: 205.55 (+1.18), QQQ: 103.68 (+0.77), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85), VXZ: 12.33 (+0.01), XIV: 37.66 (+0.62)
Is The Latest VIX Decline A Trick Or Treat?
James Picerno - at Seeking Alpha - Thu Oct 30, 1:26PM CDT
It's nearly Halloween, but the frightening rise in U.S. stock market volatility earlier this month is looking less creepy at the moment. In particular, the Volatility Index (VIX) for the S&P 500 has tumbled substantially over the past week,...
TVIX: 2.46 (-0.06), ZIV: 45.15 (+0.21), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85), VXZ: 12.33 (+0.01), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
Climbing The Latest Wall Of Worry
Calafia Beach Pundit - Seeking Alpha - Tue Oct 28, 4:59PM CDT
As I mentioned about three weeks ago, stocks have been climbing walls of worry throughout the recovery which began some 5 ½ years ago. Almost every selloff in the past two years has been accompanied by/caused by an emotional response to new...
TVIX: 2.46 (-0.06), SPY: 205.55 (+1.18), QQQ: 103.68 (+0.77), VXX: 28.10 (-0.50), DIA: 176.96 (+0.47), UVXY: 21.38 (-0.85), XIV: 37.66 (+0.62)
Volatility Trade Back In Oct 22, 2014 - ETF Gainers And Losers
CapitalCube - Seeking Alpha - Thu Oct 23, 2:04PM CDT
By Veibha Subramaniam The risk-on trade seems to be back again. Buying volatility is back. Yesterday the market was buying the VIX and today as of 10:00 am the VIX ETFs are still gaining - VIXY (+7.84%), VXX (+7.67%), VIXM (+3.16%) The data was...
EGPT: 66.97 (+0.44), JO: 35.56 (+0.29), TZA: 13.55 (-0.25), VXX: 28.10 (-0.50), XOP: 58.71 (+0.18), GREK: 16.09 (+0.90), TNA: 75.19 (+1.24), UVXY: 21.38 (-0.85), HDGE: 11.50 (-0.02), PXI: 51.22 (+0.39), SRTY: 34.78 (-0.61), WIL: 51.99 (-0.04), VXZ: 12.33 (+0.01), XIV: 37.66 (+0.62), ERY: 18.12 (-0.04), GLDX: 11.47 (+0.61), ERX: 79.02 (+0.27), GDXJ: 29.36 (+1.86), JNUG: 5.93 (+0.99), FCG: 14.70 (+0.07), SGDM: 19.55 (+0.90), DUST: 24.09 (-4.00), ZSL: 114.75 (-0.81), JDST: 14.66 (-3.93), URTY: 86.38 (+1.53), SOXS: 15.97 (-0.95), TVIX: 2.46 (-0.06), UCO: 20.38 (-0.67), VIXM: 60.01 (-0.17), SIL: 10.18 (+0.54), NUGT: 16.86 (+2.15), SCO: 43.80 (+1.33), SVXY: 73.96 (+1.36), IPFF: 23.46 (-0.07), USLV: 22.58 (+0.31), RUSL: 8.81 (+0.24), SIZE: 64.88 (+0.43), VIXY: 18.66 (-0.35), PSCE: 36.13 (-0.04), FLGE: 112.72 (+1.45)
Not All Market Hedges Are Created Equal: Part 1
Invesco US - Seeking Alpha - Wed Oct 22, 3:20PM CDT
By John Feyerer While the multi-year bull market may feel like it has created some distance from the market turmoil, investors won't soon forget the global financial crisis of 2008-2009 and the eurozone debt crisis events of 2010-2011. These...
TVIZ: 19.85 (-0.01), TVIX: 2.46 (-0.06), XVZ: 28.95 (+0.14), VIXM: 60.01 (-0.17), XVIX: 16.27 (+0.17), ZIV: 45.15 (+0.21), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), CVOL: 0.99 (-0.02), VXZ: 12.33 (+0.01), VIIZ: 17.20 (+0.19), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
How To Hedge Using Volatility ETFs
Investing Crunch - Seeking Alpha - Wed Oct 22, 12:39PM CDT
By Carl Densem Only being able to buy and sell stocks can leave few options when markets head south as they have lately. One can either treat it as a buying opportunity, sell for fear of worse to come or wait it out. And though we like to trust...
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), PSQ: 59.67 (-0.45), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
Top 10 ETF Gainers And Losers For October 17, 2014
CapitalCube - Seeking Alpha - Sun Oct 19, 8:29AM CDT
By Veibha Subramaniam Top 10 ETF gainers with assets of more than $25 million as of Oct 17, 2014. (Non-Leveraged) The data was compiled using CapitalCube's ETF Screener Symbol Company 1 Day Price Return (%) Average Daily Volume...
JO: 35.56 (+0.29), VXX: 28.10 (-0.50), GREK: 16.09 (+0.90), XOP: 58.71 (+0.18), UVXY: 21.38 (-0.85), FIEU: 117.71 (+2.55), VXZ: 12.33 (+0.01), SDOW: 21.45 (-0.17), XIV: 37.66 (+0.62), SPXU: 39.17 (-0.67), EPV: 59.86 (-1.72), IDX: 25.47 (+0.43), SPXS: 21.27 (-0.37), GLDX: 11.47 (+0.61), SQQQ: 30.27 (-0.71), JNUG: 5.93 (+0.99), SGDM: 19.55 (+0.90), DZK: 64.83 (+2.02), GXF: 24.33 (+0.42), DUST: 24.09 (-4.00), GDX: 20.30 (+0.91), CURE: 125.82 (+5.87), JDST: 14.66 (-3.93), TVIX: 2.46 (-0.06), VIXM: 60.01 (-0.17), CFGE: 10.48 (+0.02), FEEU: 113.82 (+2.72), UXI: 116.41 (+1.59), SIL: 10.18 (+0.54), NUGT: 16.86 (+2.15), SVXY: 73.96 (+1.36), HEWG: 23.71 (+0.38), BXUC: 299.86 (unch), RUSL: 8.81 (+0.24), BRF: 23.53 (+0.31), EIDO: 27.94 (+0.56), EWZ: 39.76 (+0.86), UDOW: 138.42 (+1.12), VIXY: 18.66 (-0.35), ENOR: 28.08 (+0.39)
Another QE Would Be A Disaster
Orange Peel Investments - at Seeking Alpha - Fri Oct 17, 5:09PM CDT
SPY: 205.55 (+1.18), UVXY: 21.38 (-0.85), DIA: 176.96 (+0.47)
2008 Redux? - Part II
Travis McPherson - Seeking Alpha - Fri Oct 17, 7:22AM CDT
Ten days ago, before all the recent fun started, we penned a piece entitled " 2008 Redux? " The main point of this piece was to highlight the striking similarities between the current market and the lead up to the 2008 market meltdown. Most...
TVIX: 2.46 (-0.06), SPY: 205.55 (+1.18), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
After Hour Gainers / Losers
Seeking Alpha - at Seeking Alpha - Wed Oct 15, 4:37PM CDT
NFLX: 381.03 (-0.11), INSY: 38.41 (+0.52), TVIX: 2.46 (-0.06), UVXY: 21.38 (-0.85), MSO: 4.15 (+0.10), XIV: 37.66 (+0.62), SVXY: 73.96 (+1.36), VIXY: 18.66 (-0.35), TAST: 7.74 (+0.07), EXTR: 3.74 (+0.12)
With Volatility in the Stratosphere, Do You Know What the VIX Is?
at The Street - Wed Oct 15, 4:33PM CDT
It is important to recognize what the VIX is actually measuring, says Tim Edwards, director of Index Investment Strategy at S&P Dow Jones Indices.
SPY: 205.55 (+1.18), UVXY: 21.38 (-0.85), VIXY: 18.66 (-0.35)
Time For A 'Texas Hedge'?
Peter F. Way, CFA - at Seeking Alpha - Wed Oct 15, 11:23AM CDT
UVXY: 21.38 (-0.85), SVXY: 73.96 (+1.36)
Interesting UVXY Put And Call Options For November 7th
StockOptionsChannel.com - Thu Sep 25, 11:22AM CDT
Investors in Proshares Ultra VIX Short-Term Futures ETF saw new options become available today, for the November 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UVXY options chain for the new November...
UVXY: 21.38 (-0.85)
Leveraged Volatility ETFs in Focus - ETF News And Commentary
Sweta Killa - ZACKS - Mon Aug 04, 1:00PM CDT
Leverage volatility ETFs in focus with volatility creeping up lately.
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85)
VIX: 7 Things You Need to Know - Real Time Insight
Kevin Cook - ZACKS - Sun Jun 22, 4:33PM CDT
Unless your friends are option market makers, beware friendly advice about volatility
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85)
The Curious Case Of Elevated Volatility (Weight Of Evidence, Part 2 Of 7)
360 Investment Research - at Seeking Alpha - Tue Nov 18, 2:33PM CST
"Fear tends to manifest itself much quicker than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline." ~ Philip Roth The CBOE Volatility Index is often referred to as the FEAR Index....
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
Contrarian Eats Crow Over Decay Of Two Hedges That Protect Against Coming Dollar And Market Corrections
Bart Gruzalski - at Seeking Alpha - Fri Nov 14, 9:30AM CST
TVIX: 2.46 (-0.06), UVXY: 21.38 (-0.85)
Contrarian Delight: Maybe Last Chance To Invest Or Hedge With UVXY At All Time Lows
Bart Gruzalski - at Seeking Alpha - Fri Nov 07, 4:36PM CST
UVXY: 21.38 (-0.85)
Overcrowded Trade Du Jour: Short Volatility
Jesse Felder - Seeking Alpha - Tue Nov 04, 2:50PM CST
Periods of low volatility are to investors what a sweet lullaby sung by whispering nanny is to an overtired baby. It relaxes them, gets them to put their worries aside and believe that everything is going to be okay. Great for babies. Not so great...
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
The VIX And Seasonality: Long Live Santa Claus And The Turkey Gods
Force Majeure - Seeking Alpha - Mon Nov 03, 11:35AM CST
The month of October has certainly been a wild one for U.S. markets with the second half of the month the polar opposite of the first. The first two weeks were dominated by fear regarding global growth, ebola, and geopolitical instability and...
TVIZ: 19.85 (-0.01), TVIX: 2.46 (-0.06), SPY: 205.55 (+1.18), QQQ: 103.68 (+0.77), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85), VXZ: 12.33 (+0.01), XIV: 37.66 (+0.62)
Is The Latest VIX Decline A Trick Or Treat?
James Picerno - at Seeking Alpha - Thu Oct 30, 1:26PM CDT
It's nearly Halloween, but the frightening rise in U.S. stock market volatility earlier this month is looking less creepy at the moment. In particular, the Volatility Index (VIX) for the S&P 500 has tumbled substantially over the past week,...
TVIX: 2.46 (-0.06), ZIV: 45.15 (+0.21), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85), VXZ: 12.33 (+0.01), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
Climbing The Latest Wall Of Worry
Calafia Beach Pundit - Seeking Alpha - Tue Oct 28, 4:59PM CDT
As I mentioned about three weeks ago, stocks have been climbing walls of worry throughout the recovery which began some 5 ½ years ago. Almost every selloff in the past two years has been accompanied by/caused by an emotional response to new...
TVIX: 2.46 (-0.06), SPY: 205.55 (+1.18), QQQ: 103.68 (+0.77), VXX: 28.10 (-0.50), DIA: 176.96 (+0.47), UVXY: 21.38 (-0.85), XIV: 37.66 (+0.62)
Volatility Trade Back In Oct 22, 2014 - ETF Gainers And Losers
CapitalCube - Seeking Alpha - Thu Oct 23, 2:04PM CDT
By Veibha Subramaniam The risk-on trade seems to be back again. Buying volatility is back. Yesterday the market was buying the VIX and today as of 10:00 am the VIX ETFs are still gaining - VIXY (+7.84%), VXX (+7.67%), VIXM (+3.16%) The data was...
EGPT: 66.97 (+0.44), JO: 35.56 (+0.29), TZA: 13.55 (-0.25), VXX: 28.10 (-0.50), XOP: 58.71 (+0.18), GREK: 16.09 (+0.90), TNA: 75.19 (+1.24), UVXY: 21.38 (-0.85), HDGE: 11.50 (-0.02), PXI: 51.22 (+0.39), SRTY: 34.78 (-0.61), WIL: 51.99 (-0.04), VXZ: 12.33 (+0.01), XIV: 37.66 (+0.62), ERY: 18.12 (-0.04), GLDX: 11.47 (+0.61), ERX: 79.02 (+0.27), GDXJ: 29.36 (+1.86), JNUG: 5.93 (+0.99), FCG: 14.70 (+0.07), SGDM: 19.55 (+0.90), DUST: 24.09 (-4.00), ZSL: 114.75 (-0.81), JDST: 14.66 (-3.93), URTY: 86.38 (+1.53), SOXS: 15.97 (-0.95), TVIX: 2.46 (-0.06), UCO: 20.38 (-0.67), VIXM: 60.01 (-0.17), SIL: 10.18 (+0.54), NUGT: 16.86 (+2.15), SCO: 43.80 (+1.33), SVXY: 73.96 (+1.36), IPFF: 23.46 (-0.07), USLV: 22.58 (+0.31), RUSL: 8.81 (+0.24), SIZE: 64.88 (+0.43), VIXY: 18.66 (-0.35), PSCE: 36.13 (-0.04), FLGE: 112.72 (+1.45)
Not All Market Hedges Are Created Equal: Part 1
Invesco US - Seeking Alpha - Wed Oct 22, 3:20PM CDT
By John Feyerer While the multi-year bull market may feel like it has created some distance from the market turmoil, investors won't soon forget the global financial crisis of 2008-2009 and the eurozone debt crisis events of 2010-2011. These...
TVIZ: 19.85 (-0.01), TVIX: 2.46 (-0.06), XVZ: 28.95 (+0.14), VIXM: 60.01 (-0.17), XVIX: 16.27 (+0.17), ZIV: 45.15 (+0.21), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), CVOL: 0.99 (-0.02), VXZ: 12.33 (+0.01), VIIZ: 17.20 (+0.19), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
How To Hedge Using Volatility ETFs
Investing Crunch - Seeking Alpha - Wed Oct 22, 12:39PM CDT
By Carl Densem Only being able to buy and sell stocks can leave few options when markets head south as they have lately. One can either treat it as a buying opportunity, sell for fear of worse to come or wait it out. And though we like to trust...
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), PSQ: 59.67 (-0.45), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
Top 10 ETF Gainers And Losers For October 17, 2014
CapitalCube - Seeking Alpha - Sun Oct 19, 8:29AM CDT
By Veibha Subramaniam Top 10 ETF gainers with assets of more than $25 million as of Oct 17, 2014. (Non-Leveraged) The data was compiled using CapitalCube's ETF Screener Symbol Company 1 Day Price Return (%) Average Daily Volume...
JO: 35.56 (+0.29), VXX: 28.10 (-0.50), GREK: 16.09 (+0.90), XOP: 58.71 (+0.18), UVXY: 21.38 (-0.85), FIEU: 117.71 (+2.55), VXZ: 12.33 (+0.01), SDOW: 21.45 (-0.17), XIV: 37.66 (+0.62), SPXU: 39.17 (-0.67), EPV: 59.86 (-1.72), IDX: 25.47 (+0.43), SPXS: 21.27 (-0.37), GLDX: 11.47 (+0.61), SQQQ: 30.27 (-0.71), JNUG: 5.93 (+0.99), SGDM: 19.55 (+0.90), DZK: 64.83 (+2.02), GXF: 24.33 (+0.42), DUST: 24.09 (-4.00), GDX: 20.30 (+0.91), CURE: 125.82 (+5.87), JDST: 14.66 (-3.93), TVIX: 2.46 (-0.06), VIXM: 60.01 (-0.17), CFGE: 10.48 (+0.02), FEEU: 113.82 (+2.72), UXI: 116.41 (+1.59), SIL: 10.18 (+0.54), NUGT: 16.86 (+2.15), SVXY: 73.96 (+1.36), HEWG: 23.71 (+0.38), BXUC: 299.86 (unch), RUSL: 8.81 (+0.24), BRF: 23.53 (+0.31), EIDO: 27.94 (+0.56), EWZ: 39.76 (+0.86), UDOW: 138.42 (+1.12), VIXY: 18.66 (-0.35), ENOR: 28.08 (+0.39)
Another QE Would Be A Disaster
Orange Peel Investments - at Seeking Alpha - Fri Oct 17, 5:09PM CDT
SPY: 205.55 (+1.18), UVXY: 21.38 (-0.85), DIA: 176.96 (+0.47)
2008 Redux? - Part II
Travis McPherson - Seeking Alpha - Fri Oct 17, 7:22AM CDT
Ten days ago, before all the recent fun started, we penned a piece entitled " 2008 Redux? " The main point of this piece was to highlight the striking similarities between the current market and the lead up to the 2008 market meltdown. Most...
TVIX: 2.46 (-0.06), SPY: 205.55 (+1.18), VXX: 28.10 (-0.50), IVOP: 38.18 (+0.07), UVXY: 21.38 (-0.85), VIIX: 37.96 (-0.73), XXV: 38.36 (-0.02), VIXY: 18.66 (-0.35), SVXY: 73.96 (+1.36), XIV: 37.66 (+0.62)
After Hour Gainers / Losers
Seeking Alpha - at Seeking Alpha - Wed Oct 15, 4:37PM CDT
NFLX: 381.03 (-0.11), INSY: 38.41 (+0.52), TVIX: 2.46 (-0.06), UVXY: 21.38 (-0.85), MSO: 4.15 (+0.10), XIV: 37.66 (+0.62), SVXY: 73.96 (+1.36), VIXY: 18.66 (-0.35), TAST: 7.74 (+0.07), EXTR: 3.74 (+0.12)
With Volatility in the Stratosphere, Do You Know What the VIX Is?
at The Street - Wed Oct 15, 4:33PM CDT
It is important to recognize what the VIX is actually measuring, says Tim Edwards, director of Index Investment Strategy at S&P Dow Jones Indices.
SPY: 205.55 (+1.18), UVXY: 21.38 (-0.85), VIXY: 18.66 (-0.35)
Time For A 'Texas Hedge'?
Peter F. Way, CFA - at Seeking Alpha - Wed Oct 15, 11:23AM CDT
UVXY: 21.38 (-0.85), SVXY: 73.96 (+1.36)
Interesting UVXY Put And Call Options For November 7th
StockOptionsChannel.com - Thu Sep 25, 11:22AM CDT
Investors in Proshares Ultra VIX Short-Term Futures ETF saw new options become available today, for the November 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UVXY options chain for the new November...
UVXY: 21.38 (-0.85)
Leveraged Volatility ETFs in Focus - ETF News And Commentary
Sweta Killa - ZACKS - Mon Aug 04, 1:00PM CDT
Leverage volatility ETFs in focus with volatility creeping up lately.
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85)
VIX: 7 Things You Need to Know - Real Time Insight
Kevin Cook - ZACKS - Sun Jun 22, 4:33PM CDT
Unless your friends are option market makers, beware friendly advice about volatility
TVIX: 2.46 (-0.06), VXX: 28.10 (-0.50), UVXY: 21.38 (-0.85)
