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This is doable.....and would use the DJI options series.....it would require
a realtime analysis of the near-the-money options. It would constantly have
to adjust for this condition (which option strike is the closest).
It would have to calculate the implied volatility based on the option
bid/ask price.
Option Station 2000 has the tools to do this.
Since the WRITE API to the Global Server is not available, it would have to
output a comma-delimited file of the Dow VIX data on a 5/20/60 minute basis.
Heck, why not create one for the Nasdaq 100 at the same time ?
Also, for the Nasdaq Composite, the tracking index "QQQ" would be another
candidate for a VIX indicator.
> -----Original Message-----
> From: Jim Johnson [mailto:jejohn@xxxxxxxxx]
> Sent: Saturday, April 08, 2000 7:48 AM
> To: Jim; omega-list@xxxxxxxxxx
> Subject: Re: vix type indicator for dow
>
>
> I don't know of one although you could do it yourself if you had the time
> etc. to put it together.
>
> I use VIX a lot and have been reading about its uses in trading recently.
> Here's a thought: VIX is the implied volatility of near the money
> options on
> the SP100 index. Both the Dow and SP100 are large cap stocks; I think all
> or nearly all Dow 30 are in the SP100.
>
> Alternatively or in addition, you could just monitor the implied
> volatility
> of a few at the money Dow options.
> ----- Original Message -----
> From: Jim <anncora@xxxxxxxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Friday, April 07, 2000 1:54 PM
> Subject: vix type indicator for dow
>
>
> > is there a vix type indicator just for the dow30..thanks...
> > Jim....Atlanta, ga
> >
>
>
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