Japanese version of VIX???

[sle]

Quote from adamchubb:

Q: Is there any Japanese version of VIX contract?
A: Short N225 straddles @ SGX and you'll be selling volatility

it's always frustrating when someone think they've given an answer, but in fact, they didn't quite read the question correctly.

As I understand, you are looking to sell some forward variance (a nice testicular move, man!). You can either call your friendly dealer for some Nikkei variance swaps (I suggest DB or Calyon). As an "institutional" alternative, you could replicate it yourself, using a fairly small set of strikes.

As an even easier alternative, you could simply sell forward vol by buying front month and selling back month in a gamma-neutral way.

ps. looking at the last nights variance run, selling forward variance does not look attractive at all (below are spot variance mids):

jun 53
sep 41
dec 37.5

 

[Butterball]

Quote from adamchubb:

it's always frustrating when someone think they've given an answer, but in fact, they didn't quite read the question correctly.

Considering the way you phrased your question you don't even know what you're talking about. An apology would have been warranted. Instead more implied disrespect.

 

[Soon2Bgreat]

Quote from Butterball:

...Instead more implied disrespect.

The question is how do you sell implied disrespect? Disrespect swaps?

 

[adamchubb]

Quote from Butterball:

Considering the way you phrased your question you don't even know what you're talking about. An apology would have been warranted. Instead more implied disrespect.

you did answer my question, sorry about that. just my focus is on vix-styled contract. hope you did what you said, short a nikkei straddle. you would be making money by now.