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Daily Archives: May 26, 2014


The call of the Koel (read: Koyel)

The Call of the Koyel Once upon a time in a different life we didn’t need a thermo nuclear reactor to support all the air conditioning we need today to prevent a core melt down in Karachi’s mid summer heat. I remember sleeping with the


Calculating Forward Implied Volatility in Excel

Calculatingforward implied volatility in Excel. For path dependent and forward starting options it is important to assess Vega, the sensitivity of the option’s value to changes in volatility, and in particular to assess these sensitivities for forward buckets. A first step in this process is