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Not quite. VIX is not the volitility of all CBOE calls and puts. It is an
average of the vols of eight OEX calls and puts, with an average time to
maturity of 30 days. Strictly speaking, VIX only tracks vol of index options,
not equity options.
Ron Augustine wrote:
>
> VIX stands for "Volatility Index" (VIX on BMI from CBOE) -- It is the
> volatility of all "at the money" Calls & Puts on CBOE-- also known as the
> "Fear Index", since some think that it accurately gauges the cumulative
> amount of fear that traders have when the market plunges of approaches
> recent Lows or previous support areas. It rises when the market falls.
> _____________________________________________________________________
>
> At 10:10 AM 1/28/99 -0600, you wrote:
> >What does "VIX" stand for ? I can't find the symbol in BMI. Does it
> >have one ?
> >
> >-David
> >
> >
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