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What is Volatility Term Structure?
Volatility Term Structure The pattern of implied volatility across different expiration dates at a constant moneyness level (typically at-the-money). In normal markets, longer-dated options have higher IV (contango). When near-term IV exceeds longer-term IV (backwardation), it signals event risk or market stress.
Complete definition
The pattern of implied volatility across different expiration dates at a constant moneyness level (typically at-the-money). In normal markets, longer-dated options have higher IV (contango). When near-term IV exceeds longer-term IV (backwardation), it signals event risk or market stress.
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- Expected move and GEX
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