VIX is a market estimate of expected volatility measured over S&P 500 options. But how does the implied volatility of a volatility estimate vary over strike range and term structure? This article reviews VIX’ smiling smirk and the reasons for its formation.
Tag Archive 'Term Structures'
Silver is on the up and up, outpacing its own future and even its more shiny brethren, gold, in the vaults of the collecting must-haves. And by collecting must-haves, I mean, collect as fast, immediately, absolutely without delay, right now.
If the VIX term structure steepness was odd then meet the VIX contango’s Mr. Hyde with Silver’s backwardation in full swing. Who said precious metals were boring?