With the crazy volatility in the markets currently, I’m trying to understand how the VIX gets its value? Is it short term SPY option volume? The equation in the white paper is way over my head and am looking for some **layman’s** explanation!
Thanks!
In: Economics
On a related note, can anyone explain like I’m 5 why the major stock markets are still trading in the middle of a global pandemic? You can’t spend it if you’re dead, and people can’t manufacture supplies if the factories are shuttered because of share price crashes.
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