Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (52341)	12/29/2000 2:39:11 PM
From: LLCF	Read Replies (1) of 436258

VIX not falling... anyway, traders will mark it down on the bell if they're short the stuff... oh, yea, also... the index is measured using a model assuming start of trading this morning... traders know that as we get close to the bell we're actually getting closer to TUESDAY... several days of premium decay. VIX doens't take that into account, and since it's mostly a near term measure it screws it up. DAK

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