Investing in fear is big business

Wall Street Journal
Nov 29, 2010

The popularity of the VIX index, which has become a widely watched barometer of investor fear since the financial crisis, is generating a host of spinoffs, copycats and derivatives. It is adding up to big business for VIX’s owner, the Chicago Board Options Exchange, as well as partners and competitors. ROBERT WHALEY, Valere Blair Potter Professor of Management in Finance, is quoted.