5 ms·
"I think most people don’t realize that 'IV' numbers are the annualized volatility of the log process, so there’s a nonlinear conversion to non-log standard dev
by ALittleLight 5y ago
"I think most people don’t realize that 'IV' numbers are the annualized volatility of the log process, so there’s a nonlinear conversion to non-log standard deviation."
Hmmm, yes. I think most people don't realize this.