Nice looking Spike in Wall Freeway Pains Gauge Awakens Manipulation Debate
The monthly settlement of the VIX has left investors feeling decidedly unsettled. Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, says the VIX, or Cboe Volatility Index — a gauge of the implied volatility of the S&P 500 Index derived from out-of-the-money options — was “gunned.” That is, it was intentionally pushed higher.…
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