Easy in the short run, painfully DISASTROUS in the long run

In April , India announced India VIX. Obviously I have not kept track of this event for various reasons. However today when I browsed through the NSE site, I found that NSE has outlined the methodology for India VIX. It is exactly same as CBOE. There was one thing which was very disheartening, the document which outlies the procedure is a Ctrl C+ Ctrl V of the CBOE documents with author putting no effort whatsoever in taking time out in at least typing the formulae in Latex.

Via Robert H. Frank - MIT Press: “In effect, I wish to propose two different answers to the question “Does money buy happiness?” Considerable evidence suggests that if we use an increase in our incomes, as many of us do, simply to buy bigger houses and more expensive cars, then we do not end up any happier than before. But if we use an increase in our incomes to buy more of certain inconspicuous goods–such as freedom from a long commute or a stressful job–then the evidence paints a very different picture.

VIX options are not based on VIX but based on VIX Futures. Why ? Read this : Link

Wow!! There is a metric to capture Variance of analyst estimates too!! Look at this : Coefficient Variance This could be a good indicator, the less variance, less money you can make :)