For obvious reasons I won't elaborate on how you should forecast price moves, but I will note that (a) the term structure itself is important and (b) constant-maturity VIX prices are highly mean reverting. Add your own intuitions on top of that!
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Like, if I wanted to spend time thinking about rates and coupons and financing costs I would be a bond trader.
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callable bonds may have one of the biggest divergences between how complicated the product is and the sophistication of the average person trading it
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while we’re at it can we make all options European?
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