Volatility Rank vs. Variance Premium

If you’re just looking at the vol of a single stock through time, selling it when its vol gets high is usually the wrong way round... Usually implied vol is understating, you know, implied vol might do this when the realized V is doing that.

The interesting thing about financial markets is that so many systematic strategies are operating today. The reliance on experience and discretion is becoming less and less of the overall makeup of things. Passive flows are obviously taking over a lot and the active space is turning more systematic. To be fair, the market has become significantly

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This is a textbook example of the “Era of the Ideological Investor,” where model-driven fundamental analysis becomes irrelevant once the government emerges as the largest sponsor of idiosyncratic dispersion in capital markets. The path to outperformance is no longer better spreadsheets—it is anticipation