VIX is short for the Chicago Board Options Exchange Volatility Index. It is a measure used to track volatility on the S&P 500 index and is the most well-known volatility index on the markets.

 

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Voluntary bankruptcy is a type of bankruptcy where an insolvent debtor brings the petition to a court to declare bankruptcy because they can’t pay off debts. 

 

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Volatility smile is a common graph shape that can occur when plotting the strike price and implied volatility of a group of options with the same underlying asset and expiration date. 

 

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