Looks interesting to use re risk https://www.investopedia.com/terms/s/skew-index.asp Any tips on using it with VIX etc?
Isn't it based on OEX options? Do those even matter anymore with all the Robinhood guys doing TSLA options?
I note this from link:- In practice the SKEW index has been a poor indicator of stock market volatility. Financial writer Charlie Bilello observed data from the biggest one-day falls in the S&P 500 and the SKEW Index preceding these falls. "Going back to 1990, none of the worst declines had a SKEW Index in the prior month that was within the top 5% of historical values. So, when actual tail risk was present, SKEW did not predict it," Bilello said.