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The Acquirers Podcast

Value After Hours S06 E08: Vixologist Jim Carroll on the VIX, vol, 0DTE options and Burgelman's Trap

Mar 4, 2024
Delve into Vix and volatility with Jim Carroll, exploring complexities of VIX futures and zero-day options. Uncover market disruptions from derivative instruments like VIX and historical trends of rate cuts. Compare VIX futures, tail risk products, and Spitz Nagle strategies. Learn about flywheels in company success and navigating market dynamics with hedging strategies.
54:20

Episode guests

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Quick takeaways

  • Vix remains a relevant measure of implied volatility despite evolving complexity in expiry periods and futures options.
  • Market volatility stayed low in the past year, termed the 'year of no fear,' impacting performance of volatility instruments.

Deep dives

Understanding Vix and Volatility

Vix, a measure of S&P 500 implied volatility, indicates market fear; the index has evolved to include various expiry periods and futures options, adding complexity. Concerns arise about zero-day expiration options and their impact on Vix. Despite challenges, Vix remains a relevant measure of implied volatility. The market's ecosystem and interactions continue to influence Vix dynamics.

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