Introduction to VIX Futures and Options
First posted here
http://www.cboe.com/micro/vix/introducti...
The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Since its introduction in 1993, VIX has been considered by many to be the world's premier barometer of investor sentiment and market volatility.
Here is a timeline of some key events in the history of the VIX Index:
- 1993 The VIX Index is introduced in a paper by Professor Robert E. Whaley of Duke University.
- 2003 Revised, more robust methodology for the VIX Index is introduced.
- 2004 On March 26, 2004, the first-ever trading in futures on the VIX Index began on the CBOE Futures Exchange (CFE).
- 2006 VIX options were launched in February 2006. Click here for additional VIX options releases.
Normxxx (Click to read Normxxx's forum)
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