Where Are You Going [SEP] performer
Where Are You Going
"Where Are You Going" is the first single from Dave Matthews Band's album "Busted Stuff". The single reached #39 on the Billboard Hot 100, #20 on the Modern Rock Tracks, and topped the Triple A chart. The song was featured in the 2002 Adam Sandler motion picture, "Mr. Deeds". It is also featured in the trailer for the 2008 film "Flash of Genius". "Where Are You Going" is one of two songs from "Busted
Example.
It is now mid-April 2007, and you are considering going long a Sep07/May07 100 call spread, i.e. buy the Sep 100 call and sell the May 100 call. The Sep 100 call is offered at a 14.1% implied volatility and the May 100 call is bid at an 18.3% implied volatility. The vega of the Sep 100 call is 4.3 and the vega of the May 100 call is 2.3. Using the formula above, the net volatility of the spread is:
Interpretation.