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davedxyesterday at 3:48 PM0 repliesview on HN

But wait... That's a real phenomenon in markets, called volatility skew!

Volatility Skew: An uneven curve indicating directional bias. Commonly, equity markets show negative skew (higher implied volatility for OTM puts), signaling concerns about downside risks.

Options pricing is a real rabbit hole.

https://www.luxalgo.com/blog/volatility-smile-vs-skew-key-di...