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Single Stock VIXs?

Bill Luby from the Vix And More blog stumbled across what I think can be very useful if it catches on. The Chicago Board Option Exchange will start calculating a VIX like index for five individual stocks. Specifically a “VIX” will be calculated for Amazon (AMZN), Apple (AAPL), Google (GOOG), Goldman Sachs (GS) and IBM. [...]
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