---
title: The Shape of a Public-Data Volatility Surface: Term-Structure Carry, and the Limits of Measuring Skew
url: https://www.ml-quant.com/papers/ssrn/7670046/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-06
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7670046
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7670046
featured: 2026-11-06
citations: unknown
topic: Derivatives & Volatility
---


# The Shape of a Public-Data Volatility Surface: Term-Structure Carry, and the Limits of Measuring Skew

Tests term-structure and skew trading signals in equity volatility from free public data, showing term-structure carry lifts Sharpe ratio to 2.94 but skew lacks sufficient historical data.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7670046
- Identifier: SSRN 7670046
- Released: 2026-10-31
- First featured: Quant Letter No. 138 (2026-11-06): https://www.ml-quant.com/issues/2026-11-06/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Derivatives & Volatility
- Authors: Yasanji Ratnaike

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