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How Do You Decipher Signal to Noise Ratio?
The volatility markets with different ways of exploiting volatility, i actually don't pay much attention to it. What happened in valmagan is a function of what was wrong with x i v as product ri it was a structural inefficiency. I care to look at the underlying options and see the shape of the entire surface and how it's undulating overtime. And that, to me, is the most information, because that's what everything else is relying n to be who it wants to be whether it's vix or x i v.