Advanced
Advanced Options Strategies: Volatility Arbitrage and Skew Trading
A quant-grade deep dive into volatility trading: how the implied volatility surface is built from the NSE options chain, why skew and term structure exist, and how prop desks and systematic traders extract edge from them through dispersion, risk reversals, calendar spreads, and vanna-volga adjustments.
Volatility SurfaceSkew TradingVolatility ArbitrageTerm StructureSecond-Order Greeks
MODULES
4
DURATION
~2.6 hrs
TRACK
Quantitative Finance
What You'll Master
How to construct and read the implied volatility surface from live NSE options chain data
Why volatility skew and smile exist and how to quantify them using risk reversals and butterflies
How to trade volatility term structure shifts around events like Budget, RBI policy, and earnings
How to use Vanna, Volga, and Vomma to price and hedge skew risk
How to structure and risk-manage a basic volatility arbitrage book on Indian index options
Access Level
LEARNER
Everything included
Full Text Playbooks
Actionable Exercises
Mobile Reading Mode
Lifetime Updates