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Volatility Trading: How the VIX Is Built, Why VXX Decays, and What the Risk Premium Really Pays
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Volatility Trading: How the VIX Is Built, Why VXX Decays, and What the Risk Premium Really Pays

How Cboe builds the VIX, why VIX futures products lose value in contango (VXX is down 99% since 2018), the XIV collapse, and the volatility risk premium.

Jan 22, 202611 min read