🧵 $VIX & $VVIX (VIX of VIX) 🔶VIX is calculated using a formula to derive expected volatility by averaging the weighted prices of $SPX OTM puts

🧵 $VIX & $VVIX (VIX of VIX) 🔶VIX is calculated using a formula to derive expected volatility by averaging the weighted prices of $SPX OTM puts