EFTA Document EFTA01462252

Skew -axis vs ATM vol x-axis is stretched GRAB <Menu> to Return Buy Y ..SPXSKEW U Index a Rrlog a pi P.. :I I 1- OL t.ar Price Y=-0.059X-4.381 09/24/2013 =NM 09/24/2014 Regression Analysis El Corr. El OMR Local CCV REGRESSION STATISTICS Linear Raw BETA -0.059 ALPHA(Intercept) •4.301 Fr2(Correlation^2) 0.017 R(Correlation) -0.131 Std Bev of Ener 0,534 SW Error of ALPHA 0.359 SW Error of BETA 0.020 t -Test •2.096 • tip, Significance Last T-Value Last P-Value