" Volatility has a bid to it -- longer-dated volatility more than short-dated because the event people were buying for has passed and now perhaps people will sell some short dated vol and buy some long dated vol , " he said .
<response> " Volatility has a bid to it -- longer-dated volatility more than short-dated because the event people were buying for has passed and now perhaps people will sell some short dated vol and buy some long dated vol , " he said . </response>