Add training workflow, datasets, and runbook
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740 Part VI: Measuring and Trading Volatility
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FIGURE 36-5.
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Implied versus historical volatility of a stock.
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150
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140
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130
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120
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110
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100
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90
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80
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70
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60
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50
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40
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30
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20
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10
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oi--""""'""""',,,.....""' -10
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-20
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-30 "O
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-40 ct!
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-50 ~
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-80 0.
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-701'-'-=CIJ+---+---+--+;
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-80
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1999
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FIGURE 36-6.
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Implied minus Actual
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The price graph of the stock.
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. . .
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•• , •••••••• ,. •••••••• .,. ••• + ••••••••••• ••••• -~······ •••••• ,. ••••••••••• ·t . ······ . . . ... ["
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·· · ·· ·· ··· ·· · · · Stock Price · ·· · : ·· ·· I
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~ !'"Y"d"'il~tilirrs::•of'T!
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' ' .· ............ ; ·--·•·····! ............ · ................ : ............... : ...........•.. :.
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············•·:••············•:•···········•;••·············(·········•: Implied Volatility
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98 0 N D J F M A M 99
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29.000
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27.000
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25.000
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23.000
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21.000
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19.000
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17.000
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15.000
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13.000
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11.000
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9.000
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7.000
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5.000
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Date
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