Introduction -- Volatility and its estimation -- Overview of volatility derivatives -- Options delta hedging with no … options at all -- Volatility derivatives in portfolio optimization -- Benefits of using volatility futures in investment … strategies -- Predictive properties of the volatility term structure -- Conclusions -- List of gures -- List of tables …

this direct trading of volatility in very high volumes a major new source of issuer risk and systemic risk? Or – as … that the amplitude and frequency of volatility cycles have indeed increased markedly since the introduction of VIX futures …-running opportunities for speculators which in turn increases both the hedging error and the volatility of VIX futures. Furthermore the one …

We analyze empirically what drives market expectations of crude oil price volatility. Between 2000 and 2014, we … outperforms a benchmark ARIMA specification both in and out of sample, suggests an approach for studying volatility in asset …