India VIX hits all-time record high
What’s up with the NSE India VIX? It hit an all-time record closing high of 85 today (the intraday high was 91.78):
Is this due to the computation methodology?:
From the best bid-ask prices of Nifty 50 Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.
The Nifty’s recently been trading at a daily ATR of 6-7%; are people extrapolating this to even more volatility in the near future?
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