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Implied volatility is the expected one standard deviation price range of the stock with 68% probability.
If a stock has an IV of 20% and the current price is 100 that means that in some time frame the stock is expected to be between 80 and 120 with 68% probability.
If a stock has an IV of 20% and the current price is 100 that means that in some time frame the stock is expected to be between 80 and 120 with 68% probability.
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