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Keeping it Simple on the Road | Ep. 4: Flow to Fund Tails

Keeping it Simple with Simplify Asset Management

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Oruax Futures

The long term average oruax futures, or for vix in its incurrent incarnation, is somewhere in the 20 range. But what you're really doing at 20 is your saying that there's a 60 % chance of its being 12, and a forty per cent chance of it being 30. And so bimotal dist people hear me use this phrase all the time. Its a bi motal distribution, where 20 is always the wrong price, is always thewrong price.

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