This measure would not account to the volatility σ in the fundamental asset. Contrary to prior inputs, volatility is not directly observable from sector knowledge, but must rather be computed in some model, largely utilizing ATM implied volatility while in the Black–Scholes model. Dispersion is proportional to volatility, so standardizing https://strike-price08630.targetblogs.com/27459545/the-2-minute-rule-for-implied-volatility