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I have read that Warren Buffett wrote a lot of uncovered Puts on all the world's major stock indexes with an expiration of like 15 years or so. I thought the longest Call/Puts were like 1-2 years! 15 years??? Is there a way to find out exactly which indexes and strikes? And the premium he...

Thanks.

1:30pm ET now and VXX is up 1.6% SPY is up 0.4% Sweet sweet money :D :D :D

Right now at 12:38pm Eastern Time, the VXX is 48.24 up 0.04% and SPY is 104.23 up 0.66%. Both are up :D Just like I have been saying all along, i.e. SPY + VXX = Sweet, sweet money :D :D :D

The VXX moves always less than the VIX in EITHER direction. So when the VIX was up 25% in one day last week the VXX was up only 10% or so. So today yes the VXX will be down less than the VIX sure. But that is not a problem. If you want to follow the exteme movements of the spot VIX then buy...

Well if it isn't Calculus it is some other branch of Higher Mathematics. The point is that it is not arithmetic, there are weird letters and symbols in there. Arithmetic is just numbers. I bet Warren Buffet could not understand it either and he is the greatest trader in the world! I don't...

FYI that paper is not Arithmetic, there is some serious Calculus in there! There are more greeks in that paper than there are in Greece :D Most people (Warren Buffet included) don't know or care about boring and useless Calculus! We are not designing rockets here! Just following trends which...

You do realize that Martinghoul and I posted the exact same link, right? Oh :eek: Sorry I am not good at math :( Anyway I appreciate all your help. This is a great forum! I can already smell the money :D Sweet sweet money :D Wolfgang.A.M.

Thanks for the link. It has some serious scary math though :( Its just that I want to long the VXX ETF so I want to learn more about the VIX. I feel that market will go down and be VERY volatile in the next few months, so I want profit from all the volatility. Basically if I am long...

Corey, Thanks for your reply. Yes I know that Volatility is one of the "greeks" of the Black-Scholes and exactly how the VIX is calculated, i.e. 30 day Spider options, etc I mean fumdamentaly what determines the VIX? I have heard that it the demand of Spider Puts that drives up the...

Anyone? :confused:

Today the VIX went up 25% in one day! Anyway, I am thinking what determines the value of the VIX? I realize that mathematically it is the calculation of the implied volatility from the Black-Scholes equation, based on the price of SPY options, interest rate and dividends. But why...