Foundations
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9 min
Implied volatility, what it is and is not
IV is the market's pricing of how much movement to expect, not which direction. Read it with a unit, not just a number.
In this lesson
- What the percentage actually means
- IV does not say direction
- Context matters more than the raw number
- IV crush is the most expensive lesson
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The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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