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Long Volatility

  • George A. Philips

Abstract

Investors are used to the term ‘long’. They may be long shares, long bonds or long index futures, in the sense that they have purchased them. But it is rather more difficult to grasp the concept of what it really means to be long of volatility, since it is intangible. This is the subject matter of the next section. In this chapter we address the course of action which is taken by a large group of investors globally to take advantage of opportunities when convertibles do not trade at a ‘fair’ level.

Keywords

Hedge Fund Share Price Fair Price Index Future Convertible Bond 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© George A. Philips 1997

Authors and Affiliations

  • George A. Philips

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