Short note on VIX by Nikhil in the HBL
Short Note on VIX by Nikhil in the Hindu Business Line, 2nd Feb 2014.
” VIX is a trademarked symbol for the Chicago Board Options Exchange (CBOE) Market Volatility Index. It represents the market’s expectation of volatility over a pre-defined period.
India VIX is a volatility index based on the Nifty index option prices. From the best bid-ask prices of Nifty options, a volatility figure (in per cent) is calculated, indicating the expected market volatility over the next 30 days.
India VIX uses the computation methodology of CBOE, with suitable amendments to adapt to the Nifty options order book. ”
Team Zerodha
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Dear Within
Pleased to see Zerodha and your name in 3rd Edition of 30 under 30
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Hi,
Usually the derivative contracts will expire on last Thursday of the month, but for the INDIA VIX alone it’s having more than one expiry in a month. What is the logic behind? and Why?
Sudhakar,
INDIAVIX are weekly contracts expires every tuesday, you can find all details on this blog