Depends on asset class. For equities, buying skew means buying downside vol
as vol is negatively skewed. Skew is cheap usually refers to the fact that
downside vol is low.
s*u 发帖数: 73
3
谢谢 是rates，在这个情况下指的是什么？
btw我看到的研报这么说：
since high strike skew appears cheap. we prefer outright payers to payer
spreads(selling the high strikes)
