
Market Analysis
How Christopher Cole Turned Volatility Into an Asset Class
According to Cboe Global Markets, zero-days-to-expiration options represented over 61% of all SPX options volume in 2025 — a structural shift that makes Christopher Cole's volatility research more rel
Jeff Barnes, MBA··8 min read

Market Analysis
Volatility Is Not the Enemy. Unstructured Exposure Is.
According to Cboe's VIX historical data, implied volatility has consistently exceeded realized volatility over long periods — a structural dynamic that sophisticated investors use as a framework for p
Jeff Barnes, MBA··7 min read