10 ms·
Why would one choose to be long an inverse volatility instrument? How is that in any world safe?
by kqr 1y ago
Why would one choose to be long an inverse volatility instrument? How is that in any world safe?
- verteu 1y agoLook at the total returns of VXX and you'll see why it's tempting to take the opposite position. There are plenty of reasonable arguments to short vol, eg: https://www.nomura.com/events/9th-annual-global-quantitative-investment-strategies-conference/resources/upload/3_30_Nick_Firoozye.pdf https://www.nomura.com/events/9th-annual-global-quantitative...