How the VIX is calculated?

Related questions

1. How do VIX futures work?
2. What is option implied volatility?
3. How is the VIX calculated?
4. What is the difference between an ETN and ETF?
5. Can I buy VIX directly?
6. What is Vixy ETF?
7. Are VIX options American or European?
8. What is a volatility ETF?
9. Can you trade options on the VIX?
10. How is VIX settlement calculated?

Tags

1. #prices
2. #calls
3. #option
4. #using
5. #066472
6. #expected
7. #formula
8. #derive
9. #represented
10. #money
11. #example
12. #multiplied
13. #calculated
14. #result
15. #volatility
16. #averaging
17. #weighted