VIX and VXV Show SPX Term Structure at Historic Highs

This post was 1st published August, 2012. In addition to the well-known VIX index, the CBOE also publishes the VXV index.  It’s computed just like VIX, except that it gauges the implied volatility of SPX options 3 months out, rather than just one month. The chart below shows the 10-year history of these two indexes. < Recently I posted on how the medium term time structure …

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