The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX Index and volatility-related articles from print, broadcast, online and social media outlets.
Beware of the Swan
The term “Black Swan” is used to describe an unexpected event of large magnitude and consequence. The CBOE Skew Index (SKEW) is often used to gauge the likelihood of a black swan-type event occurring. Calculated from weighted strips of out-of-the money[...]