Volatility Views 5: The Thwack of VolatilityVolatility Review: Sell-off of VIX cash going into the long weekend, with the normal pattern of a pop on Monday. Euro VolContract update. Sebastian talks about the thwack of volatility.Strategy Session: Dynamic vs. static hedging for professional traders. Don recommends two articles:

• Volatility Hedging - Turn Up the Static!
• Volatility Exposure for Strategic Asset Allocation

Listener Mail: Keep those cards and letters coming! Don and Mark tackle the disadvantages of variance swaps, the stickiness of ATM volatility, and individual name VIX products. To access the Volatility Views section of the forum, click here.Crystal Ball: Stabilization of vol? Keep an eye on commodities. Euro vol is half way through the one-month May contract.