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Re: What's VIX?



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Do you know what is the symbol for  TICKI index in TradeStation?

Girish Patel

George T Selin wrote:

> Alberto,
>
> VIX is a CBOE measurement of the OEX volatility.  It reflects the consensus
> estimate of future volatility on the OEX based on the number of "at the
> money" quotes of OEX index options.
>
> Some do use the VIX as a directional indicator of the market.  I don't find
> it that helpful.
>
> I prefer to use the TICK.  It measures the broader market in terms of the
> number of stocks on the NYSE that have traded (that day) on an uptick minus
> the number of stocks traded on a downtick.  So if the tick is quoted at
> +345 that means at that instant there are 345 more stocks trading on an
> uptick than on a downtick (on the NYSE).
>
> The range typically runs from +/- 1500 on real wild days, much less so on
> less volatile days.  For the day trader, the TICK can give you a clue where
> the DJIA will be moving in the next 60-90 seconds -- with the TICK leading
> the DJIA.
>
> George
>
> At 07:24 PM 1/20/98 -0800, Alberto Torchio wrote:
> >Dear Listmembers,
> >
> >It may be a stupid question, but what is VIX? Is it a tradable
> >instrument?
> >
> >Alberto Torchio
> > Torino, Italy
> >
> >
> >



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