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Brian Caffrey's avatar

Great article and succinctly explains the lack of play in Vix. Will read the others - thanks for putting the links here. As for WHEN, Cem Karsan posits that a potential 'downward surprise' might occur after the Jan CPI release on Feb 14. As you say though, no-one knows the WHEN for sure.

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The Last Bear Standing's avatar

Indeed. Variance is the killer - even your best guess as to WHEN is likely to be wrong. Cem is great though

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