Monthly Archives: February 2012

Why Contango Kills VXX?

Posted on February 11, 2012 by 努力！奋斗！

If  VIX cash index follows random walk theory, the fair price of VIX on any day in the future is actually today’s value. Therefore, any premium (contango) in future prices is a premium over fair prices if we disregard bond … Continue reading →

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