The Importance of Establishing Whether the Term Structure of Add the Money Skew Follows a Power Law

The main motivation of the paper was that in the recent past several papers have noted that the market term structure of add the money skew of equity indexes follows actually put to a power law. And so there are two main goals in our paper. The first goal is to want it to check if the term structure ofadd the money skew really follows a power law, not just on a particular calibration date, but consistently over time. Second, we also wanted to pay a close attention to short maturities and see whether market is really indicating or not some blow up or no blow up at zero maturity.