Chang, Chia-Lin; Jimenez-Martin, Juan-Angel; McAleer, … - In: The North American Journal of Economics and Finance 25 (2013) C, pp. 151-167
Modelling, monitoring and forecasting volatility are indispensible to sensible portfolio risk management. The … put options over a wide range of strike prices, and hence is not model based. Speculators can trade on volatility risk … volatility derivatives to avoid exposure to volatility risk. VIX and its options and futures derivatives has been widely analysed …