Volatility Stu

Wouldn't it be wonderful, now that $UVXY is in the $12s with sub-$10 prints not far off, if $UVIX would do a 1-for-10 reverse split? 😻

working on validating a methodology that another firm's junior quants built, I can see the anguish on their faces every time they hit "send" on another iteration in response to my debugging demands

putting this here so i can copy/paste the link every time you all ask (which is constantly) when you see references to "dealer gamma positioning" and its implications for volatility, the underlying model is almost always an extremely naive one ...