The VIX Explained: How Wall Street’s Fear Gauge Works
What the VIX really measures, how it’s built from SPX options, why VIX ETPs like VXX lose money over time, and the common mistakes traders make.
What the VIX really measures, how it’s built from SPX options, why VIX ETPs like VXX lose money over time, and the common mistakes traders make.
What is implied volatility? How does it differ from realized volatility, drive the VIX, and shape every options trade? A best-in-class explainer with worked numbers, IV rank, skew, and term structure.
Master the five options Greeks — delta, gamma, theta, vega, and rho — with plain-English definitions, a worked example, two charts, and real Black-Scholes numbers.