This measure doesn't account to the volatility σ in the underlying asset. Unlike preceding inputs, volatility is not directly observable from market place knowledge, but will have to rather be computed in certain design, generally applying ATM implied volatility in the Black–Scholes model. Dispersion is proportional to volatility, so standardizing https://call-option38784.bloggactif.com/27506147/rumored-buzz-on-option-strategy