Skew index continues trading at rather elevated levels and moved sharply higher today. Often referred to the real fear index, which is not accurate, SKEW basically measures how expensive out of the money options are.
Predicting market direction from Skew index has little value, but definitely shows people are paying up for out of the money hedges as we "move along the vol curve". #stocktalk
Predicting market direction from Skew index has little value, but definitely shows people are paying up for out of the money hedges as we "move along the vol curve". #stocktalk