Impact of Vol of Vol on Lookback price

[sas]

Can anyone explain how vov affects the price on a LB? Thx

[granchio]

what is your considered opinion?

[PathDependant]

Hi, thought I'd do some justice to my name and lack of participation.



Think about it in terms of maxima/minima...with increase in vol of vol, does it become more likely? I guess should be a decent starting point.



HTH

[sas]

Thanks for the hint!