The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Selvala: Inverse VIX ETNs exacerbated the February 2018 volatility spike
“In this case, the VIX spike that we saw on the, you know, towards the close of the fifth and the opening on February six was exacerbated by these inverse VIX ETNs that a lot of people were sort of getting into because they looked really good for a long period …”
Selvala: Implied volatility spread over realized has averaged 3-4% since 1987
“And you can see it, you know, numerically by looking at the spread of implied volatility over realized volatility. And since the 87 crash, it's been pretty persistent in that, you know, three to four percent range.”
Selvala: The VIX spikes to 30 or higher roughly every 24 months
“When you look at a graph of the VIX over the last, you know, 20 plus years, It's about every 24 months or so that you see one of these spikes where the, you know, the VIX will get up to, you know, certainly 30 plus, if not, not touch 40.”
Selvala: S&P 500 saw its longest streak without 5% pullback since 1950s
“We've had a market, the S&P, which, you know, hadn't had a five percent pullback in 400 trading that, you know, call it two years, which is the longest streak in since the fifties.”
Selvala: In 2017, the VIX averaged around 11, lowest since 1990
“The VIX averaged about 11, which was its lowest level, I think, since 1990.”
Selvala: CBOE provides benchmark indexes across core options strategies
“The CBOE has certain, come up with many new indexes, which are helpful benchmarks. So if you're looking at covered call strategies, for example along the market with short calls against it, you know, you can look at BXM or BXY, for example. If you're managing …”