So the interesting detail/nuance on how implied is both understating and overstating realized... It appears to overstate realized volatility during trading hours but understate realized overnight volatility. Almost like two different strategies compressed down to a single day. Congrats on reaching the milestone - looking forward to all the insights.
So the interesting detail/nuance on how implied is both understating and overstating realized... It appears to overstate realized volatility during trading hours but understate realized overnight volatility. Almost like two different strategies compressed down to a single day. Congrats on reaching the milestone - looking forward to all the insights.