[{"data":1,"prerenderedAt":2215},["ShallowReactive",2],{"user-guide:options/vol-matrix":3},{"slug":4,"filePath":5,"frontmatter":6,"rawMarkdown":9,"tree":10},"options/vol-matrix","options/vol-matrix.md",{"title":7,"description":8},"Vol matrix","The vol matrix is a compact table, one row per expiry with the front row highlighted, five numbers per row: ATM IV, two risk reversals, a butterfly, and open interest.","---\ntitle: \"Vol matrix\"\ndescription: \"The vol matrix is a compact table, one row per expiry with the front row highlighted, five numbers per row: ATM IV, two risk reversals, a butterfly, and open interest.\"\n---\n\n# Vol matrix\n\nThe vol matrix is a compact table, one row per expiry with the front row highlighted, five numbers per row: ATM IV, two risk reversals, a butterfly, and open interest. It is the quant's cheat sheet: **the whole vol structure in plain numbers, no interpolation squinting.**\n\n![Vol matrix table on BTC](/learn/options/options-vol-matrix--hero.png)\n\n## Add it to your chart\n\n1. Open **Indicators** in the top bar.\n2. Search for **Options Vol Matrix** and click it once. The table renders in its own pane.\n\n## Fullscreen\n\nUse the legend's maximize button, or double-click the pane, to fill the chart with it; Esc restores the previous layout. Maximized, the table gets larger text, easier to scan across all five columns.\n\n## How to read it\n\n- **ATM**: at-the-money IV in vol points, the headline \"how much movement is priced\" per expiry.\n- **RR25**: the 25-delta risk reversal, put IV minus call IV. Positive means the downside is bid over the upside (puts pricier); negative means calls are chased.\n- **RR15**: the same at 15 delta, the further and more tail-sensitive wing. When RR15 disagrees with RR25, the extreme tails are telling their own story.\n- **FLY25**: the 25-delta butterfly, the average of the two 25-delta wing IVs minus ATM: how expensive tails are versus the middle.\n- **OI**: that expiry's total open interest in coin units, your gauge of how much weight the row deserves.\n\n## The math\n\nEvery value is read from that expiry's OTM-stitched smile ([conventions](/learn/options/concepts)):\n\n$$\\mathrm{RR}_{\\Delta} = \\mathrm{IV}_{\\Delta\\,\\mathrm{put}} - \\mathrm{IV}_{\\Delta\\,\\mathrm{call}}$$\n\n$$\\mathrm{FLY}_{25} = \\tfrac{1}{2}\\left(\\mathrm{IV}_{25\\Delta\\,\\mathrm{call}} + \\mathrm{IV}_{25\\Delta\\,\\mathrm{put}}\\right) - \\mathrm{IV}_{\\mathrm{ATM}}$$\n\nSome platforms quote RR with the opposite sign; check the convention before comparing across venues.\n\n## Settings\n\n| Setting | What it does                                                              | Default |\n| ------- | ------------------------------------------------------------------------- | ------- |\n| Theme   | Color theme for the pane: series colors, fills, and accents (six choices) | Aurora  |\n| Refresh | Poll cadence in seconds (30 to 600)                                       | 60      |\n\n## Assumptions\n\n- Reads the same live chain snapshot as the rest of the suite, refreshed on the pane's own poll (default 60 seconds).\n- Rows are capped to the nearest 8 live expiries by days to expiry.\n- A cell with no resolvable quote (for example a wing with no listed instrument at that delta) is left blank rather than shown as zero.\n\n## Trade around it, honestly\n\n- **Scan the RR25 column top to bottom** for the skew term structure at a glance: positive readings say puts are bid (fear priced in) at that horizon, negative say calls are bid (upside chased); watch how the sign migrates from front rows to back rows.\n- **FLY rising means tails are bid**: the market is paying for surprise in either direction, not picking a side.\n- **Let the OI column filter the table.** It tells you which rows deserve attention at all.\n- **Skeptical caveat**: rows with tiny open interest produce noisy wing stats. Read RR and FLY on the liquid rows.\n\n{% hint style=\"info\" %}\n**Related**\n\nThe [Term structure](/learn/options/term-structure) charts the ATM column as a curve, the [IV smile](/learn/options/iv-smile) draws the full curves these numbers summarize, and the [Dashboard](/learn/options/dashboard) puts flow next to positioning for the same board.\n{% endhint %}\n",{"type":11,"children":12,"data":2207,"position":2209},"root",[13,16,52,53,72,73,92,93,183,184,200,201,214,215,232,233,395,396,411,412,452,453,931,932,1651,1652,1667,1668,1684,1686,1867,1868,1884,1885,1943,1944,1961,1962,2095,2096],{"type":14,"value":15},"text","\n",{"type":17,"tagName":18,"properties":19,"children":20,"position":49},"element","p",{},[21,31],{"type":14,"value":22,"position":23},"The vol matrix is a compact table, one row per expiry with the front row highlighted, five numbers per row: ATM IV, two risk reversals, a butterfly, and open interest. It is the quant's cheat sheet: ",{"start":24,"end":28},{"line":25,"column":26,"offset":27},3,1,14,{"line":25,"column":29,"offset":30},200,213,{"type":17,"tagName":32,"properties":33,"children":34,"position":44},"strong",{},[35],{"type":14,"value":36,"position":37},"the whole vol structure in plain numbers, no interpolation squinting.",{"start":38,"end":41},{"line":25,"column":39,"offset":40},202,215,{"line":25,"column":42,"offset":43},271,284,{"start":45,"end":46},{"line":25,"column":29,"offset":30},{"line":25,"column":47,"offset":48},273,286,{"start":50,"end":51},{"line":25,"column":26,"offset":27},{"line":25,"column":47,"offset":48},{"type":14,"value":15},{"type":17,"tagName":18,"properties":54,"children":55,"position":69},{},[56],{"type":17,"tagName":57,"properties":58,"children":61,"position":62},"img",{"src":59,"alt":60},"/learn/options/options-vol-matrix--hero.png","Vol matrix table on BTC",[],{"start":63,"end":66},{"line":64,"column":26,"offset":65},5,288,{"line":64,"column":67,"offset":68},72,359,{"start":70,"end":71},{"line":64,"column":26,"offset":65},{"line":64,"column":67,"offset":68},{"type":14,"value":15},{"type":17,"tagName":74,"properties":75,"children":77,"position":88},"h2",{"id":76},"add-it-to-your-chart",[78],{"type":14,"value":79,"position":80},"Add it to your chart",{"start":81,"end":85},{"line":82,"column":83,"offset":84},7,4,364,{"line":82,"column":86,"offset":87},24,384,{"start":89,"end":91},{"line":82,"column":26,"offset":90},361,{"line":82,"column":86,"offset":87},{"type":14,"value":15},{"type":17,"tagName":94,"properties":95,"children":96,"position":180},"ol",{},[97,98,138,139,179],{"type":14,"value":15},{"type":17,"tagName":99,"properties":100,"children":101,"position":134},"li",{},[102,110,127],{"type":14,"value":103,"position":104},"Open ",{"start":105,"end":108},{"line":106,"column":83,"offset":107},9,389,{"line":106,"column":106,"offset":109},394,{"type":17,"tagName":32,"properties":111,"children":112,"position":122},{},[113],{"type":14,"value":114,"position":115},"Indicators",{"start":116,"end":119},{"line":106,"column":117,"offset":118},11,396,{"line":106,"column":120,"offset":121},21,406,{"start":123,"end":124},{"line":106,"column":106,"offset":109},{"line":106,"column":125,"offset":126},23,408,{"type":14,"value":128,"position":129}," in the top bar.",{"start":130,"end":131},{"line":106,"column":125,"offset":126},{"line":106,"column":132,"offset":133},39,424,{"start":135,"end":137},{"line":106,"column":26,"offset":136},386,{"line":106,"column":132,"offset":133},{"type":14,"value":15},{"type":17,"tagName":99,"properties":140,"children":141,"position":175},{},[142,151,168],{"type":14,"value":143,"position":144},"Search for ",{"start":145,"end":148},{"line":146,"column":83,"offset":147},10,428,{"line":146,"column":149,"offset":150},15,439,{"type":17,"tagName":32,"properties":152,"children":153,"position":163},{},[154],{"type":14,"value":155,"position":156},"Options Vol Matrix",{"start":157,"end":160},{"line":146,"column":158,"offset":159},17,441,{"line":146,"column":161,"offset":162},35,459,{"start":164,"end":165},{"line":146,"column":149,"offset":150},{"line":146,"column":166,"offset":167},37,461,{"type":14,"value":169,"position":170}," and click it once. The table renders in its own pane.",{"start":171,"end":172},{"line":146,"column":166,"offset":167},{"line":146,"column":173,"offset":174},91,515,{"start":176,"end":178},{"line":146,"column":26,"offset":177},425,{"line":146,"column":173,"offset":174},{"type":14,"value":15},{"start":181,"end":182},{"line":106,"column":26,"offset":136},{"line":146,"column":173,"offset":174},{"type":14,"value":15},{"type":17,"tagName":74,"properties":185,"children":187,"position":196},{"id":186},"fullscreen",[188],{"type":14,"value":189,"position":190},"Fullscreen",{"start":191,"end":194},{"line":192,"column":83,"offset":193},12,520,{"line":192,"column":27,"offset":195},530,{"start":197,"end":199},{"line":192,"column":26,"offset":198},517,{"line":192,"column":27,"offset":195},{"type":14,"value":15},{"type":17,"tagName":18,"properties":202,"children":203,"position":211},{},[204],{"type":14,"value":205,"position":206},"Use the legend's maximize button, or double-click the pane, to fill the chart with it; Esc restores the previous layout. Maximized, the table gets larger text, easier to scan across all five columns.",{"start":207,"end":209},{"line":27,"column":26,"offset":208},532,{"line":27,"column":29,"offset":210},731,{"start":212,"end":213},{"line":27,"column":26,"offset":208},{"line":27,"column":29,"offset":210},{"type":14,"value":15},{"type":17,"tagName":74,"properties":216,"children":218,"position":228},{"id":217},"how-to-read-it",[219],{"type":14,"value":220,"position":221},"How to read it",{"start":222,"end":225},{"line":223,"column":83,"offset":224},16,736,{"line":223,"column":226,"offset":227},18,750,{"start":229,"end":231},{"line":223,"column":26,"offset":230},733,{"line":223,"column":226,"offset":227},{"type":14,"value":15},{"type":17,"tagName":234,"properties":235,"children":236,"position":392},"ul",{},[237,238,268,269,299,300,330,331,360,361,391],{"type":14,"value":15},{"type":17,"tagName":99,"properties":239,"children":240,"position":264},{},[241,257],{"type":17,"tagName":32,"properties":242,"children":243,"position":252},{},[244],{"type":14,"value":245,"position":246},"ATM",{"start":247,"end":249},{"line":226,"column":64,"offset":248},756,{"line":226,"column":250,"offset":251},8,759,{"start":253,"end":255},{"line":226,"column":25,"offset":254},754,{"line":226,"column":146,"offset":256},761,{"type":14,"value":258,"position":259},": at-the-money IV in vol points, the headline \"how much movement is priced\" per expiry.",{"start":260,"end":261},{"line":226,"column":146,"offset":256},{"line":226,"column":262,"offset":263},97,848,{"start":265,"end":267},{"line":226,"column":26,"offset":266},752,{"line":226,"column":262,"offset":263},{"type":14,"value":15},{"type":17,"tagName":99,"properties":270,"children":271,"position":295},{},[272,288],{"type":17,"tagName":32,"properties":273,"children":274,"position":283},{},[275],{"type":14,"value":276,"position":277},"RR25",{"start":278,"end":281},{"line":279,"column":64,"offset":280},19,853,{"line":279,"column":106,"offset":282},857,{"start":284,"end":286},{"line":279,"column":25,"offset":285},851,{"line":279,"column":117,"offset":287},859,{"type":14,"value":289,"position":290},": the 25-delta risk reversal, put IV minus call IV. Positive means the downside is bid over the upside (puts pricier); negative means calls are chased.",{"start":291,"end":292},{"line":279,"column":117,"offset":287},{"line":279,"column":293,"offset":294},162,1010,{"start":296,"end":298},{"line":279,"column":26,"offset":297},849,{"line":279,"column":293,"offset":294},{"type":14,"value":15},{"type":17,"tagName":99,"properties":301,"children":302,"position":326},{},[303,319],{"type":17,"tagName":32,"properties":304,"children":305,"position":314},{},[306],{"type":14,"value":307,"position":308},"RR15",{"start":309,"end":312},{"line":310,"column":64,"offset":311},20,1015,{"line":310,"column":106,"offset":313},1019,{"start":315,"end":317},{"line":310,"column":25,"offset":316},1013,{"line":310,"column":117,"offset":318},1021,{"type":14,"value":320,"position":321},": the same at 15 delta, the further and more tail-sensitive wing. When RR15 disagrees with RR25, the extreme tails are telling their own story.",{"start":322,"end":323},{"line":310,"column":117,"offset":318},{"line":310,"column":324,"offset":325},154,1164,{"start":327,"end":329},{"line":310,"column":26,"offset":328},1011,{"line":310,"column":324,"offset":325},{"type":14,"value":15},{"type":17,"tagName":99,"properties":332,"children":333,"position":356},{},[334,349],{"type":17,"tagName":32,"properties":335,"children":336,"position":344},{},[337],{"type":14,"value":338,"position":339},"FLY25",{"start":340,"end":342},{"line":120,"column":64,"offset":341},1169,{"line":120,"column":146,"offset":343},1174,{"start":345,"end":347},{"line":120,"column":25,"offset":346},1167,{"line":120,"column":192,"offset":348},1176,{"type":14,"value":350,"position":351},": the 25-delta butterfly, the average of the two 25-delta wing IVs minus ATM: how expensive tails are versus the middle.",{"start":352,"end":353},{"line":120,"column":192,"offset":348},{"line":120,"column":354,"offset":355},132,1296,{"start":357,"end":359},{"line":120,"column":26,"offset":358},1165,{"line":120,"column":354,"offset":355},{"type":14,"value":15},{"type":17,"tagName":99,"properties":362,"children":363,"position":387},{},[364,380],{"type":17,"tagName":32,"properties":365,"children":366,"position":375},{},[367],{"type":14,"value":368,"position":369},"OI",{"start":370,"end":373},{"line":371,"column":64,"offset":372},22,1301,{"line":371,"column":82,"offset":374},1303,{"start":376,"end":378},{"line":371,"column":25,"offset":377},1299,{"line":371,"column":106,"offset":379},1305,{"type":14,"value":381,"position":382},": that expiry's total open interest in coin units, your gauge of how much weight the row deserves.",{"start":383,"end":384},{"line":371,"column":106,"offset":379},{"line":371,"column":385,"offset":386},107,1403,{"start":388,"end":390},{"line":371,"column":26,"offset":389},1297,{"line":371,"column":385,"offset":386},{"type":14,"value":15},{"start":393,"end":394},{"line":226,"column":26,"offset":266},{"line":371,"column":385,"offset":386},{"type":14,"value":15},{"type":17,"tagName":74,"properties":397,"children":399,"position":407},{"id":398},"the-math",[400],{"type":14,"value":401,"position":402},"The math",{"start":403,"end":405},{"line":86,"column":83,"offset":404},1408,{"line":86,"column":192,"offset":406},1416,{"start":408,"end":410},{"line":86,"column":26,"offset":409},1405,{"line":86,"column":192,"offset":406},{"type":14,"value":15},{"type":17,"tagName":18,"properties":413,"children":414,"position":449},{},[415,424,442],{"type":14,"value":416,"position":417},"Every value is read from that expiry's OTM-stitched smile (",{"start":418,"end":421},{"line":419,"column":26,"offset":420},26,1418,{"line":419,"column":422,"offset":423},60,1477,{"type":17,"tagName":425,"properties":426,"children":428,"position":437},"a",{"href":427},"/learn/options/concepts",[429],{"type":14,"value":430,"position":431},"conventions",{"start":432,"end":435},{"line":419,"column":433,"offset":434},61,1478,{"line":419,"column":67,"offset":436},1489,{"start":438,"end":439},{"line":419,"column":422,"offset":423},{"line":419,"column":440,"offset":441},98,1515,{"type":14,"value":443,"position":444},"):",{"start":445,"end":446},{"line":419,"column":440,"offset":441},{"line":419,"column":447,"offset":448},100,1517,{"start":450,"end":451},{"line":419,"column":26,"offset":420},{"line":419,"column":447,"offset":448},{"type":14,"value":15},{"type":17,"tagName":18,"properties":454,"children":455,"position":925},{},[456],{"type":17,"tagName":457,"properties":458,"children":461},"span",{"className":459},[460],"katex",[462,613],{"type":17,"tagName":457,"properties":463,"children":466},{"className":464},[465],"katex-mathml",[467],{"type":17,"tagName":468,"properties":469,"children":471},"math",{"xmlns":470},"http://www.w3.org/1998/Math/MathML",[472],{"type":17,"tagName":473,"properties":474,"children":475},"semantics",{},[476,606],{"type":17,"tagName":477,"properties":478,"children":479},"mrow",{},[480,503,509,555,560],{"type":17,"tagName":481,"properties":482,"children":483},"msub",{},[484,498],{"type":17,"tagName":477,"properties":485,"children":486},{},[487,494],{"type":17,"tagName":488,"properties":489,"children":491},"mi",{"mathvariant":490},"normal",[492],{"type":14,"value":493},"R",{"type":17,"tagName":488,"properties":495,"children":496},{"mathvariant":490},[497],{"type":14,"value":493},{"type":17,"tagName":488,"properties":499,"children":500},{"mathvariant":490},[501],{"type":14,"value":502},"Δ",{"type":17,"tagName":504,"properties":505,"children":506},"mo",{},[507],{"type":14,"value":508},"=",{"type":17,"tagName":481,"properties":510,"children":511},{},[512,525],{"type":17,"tagName":477,"properties":513,"children":514},{},[515,520],{"type":17,"tagName":488,"properties":516,"children":517},{"mathvariant":490},[518],{"type":14,"value":519},"I",{"type":17,"tagName":488,"properties":521,"children":522},{"mathvariant":490},[523],{"type":14,"value":524},"V",{"type":17,"tagName":477,"properties":526,"children":527},{},[528,532,538],{"type":17,"tagName":488,"properties":529,"children":530},{"mathvariant":490},[531],{"type":14,"value":502},{"type":17,"tagName":533,"properties":534,"children":535},"mtext",{},[536],{"type":14,"value":537}," ",{"type":17,"tagName":477,"properties":539,"children":540},{},[541,545,550],{"type":17,"tagName":488,"properties":542,"children":543},{"mathvariant":490},[544],{"type":14,"value":18},{"type":17,"tagName":488,"properties":546,"children":547},{"mathvariant":490},[548],{"type":14,"value":549},"u",{"type":17,"tagName":488,"properties":551,"children":552},{"mathvariant":490},[553],{"type":14,"value":554},"t",{"type":17,"tagName":504,"properties":556,"children":557},{},[558],{"type":14,"value":559},"−",{"type":17,"tagName":481,"properties":561,"children":562},{},[563,574],{"type":17,"tagName":477,"properties":564,"children":565},{},[566,570],{"type":17,"tagName":488,"properties":567,"children":568},{"mathvariant":490},[569],{"type":14,"value":519},{"type":17,"tagName":488,"properties":571,"children":572},{"mathvariant":490},[573],{"type":14,"value":524},{"type":17,"tagName":477,"properties":575,"children":576},{},[577,581,585],{"type":17,"tagName":488,"properties":578,"children":579},{"mathvariant":490},[580],{"type":14,"value":502},{"type":17,"tagName":533,"properties":582,"children":583},{},[584],{"type":14,"value":537},{"type":17,"tagName":477,"properties":586,"children":587},{},[588,593,597,602],{"type":17,"tagName":488,"properties":589,"children":590},{"mathvariant":490},[591],{"type":14,"value":592},"c",{"type":17,"tagName":488,"properties":594,"children":595},{"mathvariant":490},[596],{"type":14,"value":425},{"type":17,"tagName":488,"properties":598,"children":599},{"mathvariant":490},[600],{"type":14,"value":601},"l",{"type":17,"tagName":488,"properties":603,"children":604},{"mathvariant":490},[605],{"type":14,"value":601},{"type":17,"tagName":607,"properties":608,"children":610},"annotation",{"encoding":609},"application/x-tex",[611],{"type":14,"value":612},"\\mathrm{RR}_{\\Delta} = \\mathrm{IV}_{\\Delta\\,\\mathrm{put}} - \\mathrm{IV}_{\\Delta\\,\\mathrm{call}}",{"type":17,"tagName":457,"properties":614,"children":618},{"className":615,"ariaHidden":617},[616],"katex-html","true",[619,730,837],{"type":17,"tagName":457,"properties":620,"children":623},{"className":621},[622],"base",[624,630,714,720,726],{"type":17,"tagName":457,"properties":625,"children":629},{"className":626,"style":628},[627],"strut","height:0.8333em;vertical-align:-0.15em;",[],{"type":17,"tagName":457,"properties":631,"children":634},{"className":632},[633],"mord",[635,646],{"type":17,"tagName":457,"properties":636,"children":638},{"className":637},[633],[639],{"type":17,"tagName":457,"properties":640,"children":643},{"className":641},[633,642],"mathrm",[644],{"type":14,"value":645},"RR",{"type":17,"tagName":457,"properties":647,"children":650},{"className":648},[649],"msupsub",[651],{"type":17,"tagName":457,"properties":652,"children":656},{"className":653},[654,655],"vlist-t","vlist-t2",[657,702],{"type":17,"tagName":457,"properties":658,"children":661},{"className":659},[660],"vlist-r",[662,695],{"type":17,"tagName":457,"properties":663,"children":667},{"className":664,"style":666},[665],"vlist","height:0.3283em;",[668],{"type":17,"tagName":457,"properties":669,"children":671},{"style":670},"top:-2.55em;margin-right:0.05em;",[672,678],{"type":17,"tagName":457,"properties":673,"children":677},{"className":674,"style":676},[675],"pstrut","height:2.7em;",[],{"type":17,"tagName":457,"properties":679,"children":685},{"className":680},[681,682,683,684],"sizing","reset-size6","size3","mtight",[686],{"type":17,"tagName":457,"properties":687,"children":689},{"className":688},[633,684],[690],{"type":17,"tagName":457,"properties":691,"children":693},{"className":692},[633,684],[694],{"type":14,"value":502},{"type":17,"tagName":457,"properties":696,"children":699},{"className":697},[698],"vlist-s",[700],{"type":14,"value":701},"​",{"type":17,"tagName":457,"properties":703,"children":705},{"className":704},[660],[706],{"type":17,"tagName":457,"properties":707,"children":710},{"className":708,"style":709},[665],"height:0.15em;",[711],{"type":17,"tagName":457,"properties":712,"children":713},{},[],{"type":17,"tagName":457,"properties":715,"children":719},{"className":716,"style":718},[717],"mspace","margin-right:0.2778em;",[],{"type":17,"tagName":457,"properties":721,"children":724},{"className":722},[723],"mrel",[725],{"type":14,"value":508},{"type":17,"tagName":457,"properties":727,"children":729},{"className":728,"style":718},[717],[],{"type":17,"tagName":457,"properties":731,"children":733},{"className":732},[622],[734,739,822,827,833],{"type":17,"tagName":457,"properties":735,"children":738},{"className":736,"style":737},[627],"height:0.9694em;vertical-align:-0.2861em;",[],{"type":17,"tagName":457,"properties":740,"children":742},{"className":741},[633],[743,754],{"type":17,"tagName":457,"properties":744,"children":746},{"className":745},[633],[747],{"type":17,"tagName":457,"properties":748,"children":751},{"className":749,"style":750},[633,642],"margin-right:0.0139em;",[752],{"type":14,"value":753},"IV",{"type":17,"tagName":457,"properties":755,"children":757},{"className":756},[649],[758],{"type":17,"tagName":457,"properties":759,"children":761},{"className":760},[654,655],[762,810],{"type":17,"tagName":457,"properties":763,"children":765},{"className":764},[660],[766,805],{"type":17,"tagName":457,"properties":767,"children":769},{"className":768,"style":666},[665],[770],{"type":17,"tagName":457,"properties":771,"children":772},{"style":670},[773,777],{"type":17,"tagName":457,"properties":774,"children":776},{"className":775,"style":676},[675],[],{"type":17,"tagName":457,"properties":778,"children":780},{"className":779},[681,682,683,684],[781],{"type":17,"tagName":457,"properties":782,"children":784},{"className":783},[633,684],[785,790,795],{"type":17,"tagName":457,"properties":786,"children":788},{"className":787},[633,684],[789],{"type":14,"value":502},{"type":17,"tagName":457,"properties":791,"children":794},{"className":792,"style":793},[717,684],"margin-right:0.1952em;",[],{"type":17,"tagName":457,"properties":796,"children":798},{"className":797},[633,684],[799],{"type":17,"tagName":457,"properties":800,"children":802},{"className":801},[633,642,684],[803],{"type":14,"value":804},"put",{"type":17,"tagName":457,"properties":806,"children":808},{"className":807},[698],[809],{"type":14,"value":701},{"type":17,"tagName":457,"properties":811,"children":813},{"className":812},[660],[814],{"type":17,"tagName":457,"properties":815,"children":818},{"className":816,"style":817},[665],"height:0.2861em;",[819],{"type":17,"tagName":457,"properties":820,"children":821},{},[],{"type":17,"tagName":457,"properties":823,"children":826},{"className":824,"style":825},[717],"margin-right:0.2222em;",[],{"type":17,"tagName":457,"properties":828,"children":831},{"className":829},[830],"mbin",[832],{"type":14,"value":559},{"type":17,"tagName":457,"properties":834,"children":836},{"className":835,"style":825},[717],[],{"type":17,"tagName":457,"properties":838,"children":840},{"className":839},[622],[841,845],{"type":17,"tagName":457,"properties":842,"children":844},{"className":843,"style":628},[627],[],{"type":17,"tagName":457,"properties":846,"children":848},{"className":847},[633],[849,858],{"type":17,"tagName":457,"properties":850,"children":852},{"className":851},[633],[853],{"type":17,"tagName":457,"properties":854,"children":856},{"className":855,"style":750},[633,642],[857],{"type":14,"value":753},{"type":17,"tagName":457,"properties":859,"children":861},{"className":860},[649],[862],{"type":17,"tagName":457,"properties":863,"children":865},{"className":864},[654,655],[866,914],{"type":17,"tagName":457,"properties":867,"children":869},{"className":868},[660],[870,909],{"type":17,"tagName":457,"properties":871,"children":874},{"className":872,"style":873},[665],"height:0.3361em;",[875],{"type":17,"tagName":457,"properties":876,"children":877},{"style":670},[878,882],{"type":17,"tagName":457,"properties":879,"children":881},{"className":880,"style":676},[675],[],{"type":17,"tagName":457,"properties":883,"children":885},{"className":884},[681,682,683,684],[886],{"type":17,"tagName":457,"properties":887,"children":889},{"className":888},[633,684],[890,895,899],{"type":17,"tagName":457,"properties":891,"children":893},{"className":892},[633,684],[894],{"type":14,"value":502},{"type":17,"tagName":457,"properties":896,"children":898},{"className":897,"style":793},[717,684],[],{"type":17,"tagName":457,"properties":900,"children":902},{"className":901},[633,684],[903],{"type":17,"tagName":457,"properties":904,"children":906},{"className":905},[633,642,684],[907],{"type":14,"value":908},"call",{"type":17,"tagName":457,"properties":910,"children":912},{"className":911},[698],[913],{"type":14,"value":701},{"type":17,"tagName":457,"properties":915,"children":917},{"className":916},[660],[918],{"type":17,"tagName":457,"properties":919,"children":921},{"className":920,"style":709},[665],[922],{"type":17,"tagName":457,"properties":923,"children":924},{},[],{"start":926,"end":929},{"line":927,"column":26,"offset":928},28,1519,{"line":927,"column":447,"offset":930},1618,{"type":14,"value":15},{"type":17,"tagName":18,"properties":933,"children":934,"position":1644},{},[935],{"type":17,"tagName":457,"properties":936,"children":938},{"className":937},[460],[939,1154],{"type":17,"tagName":457,"properties":940,"children":942},{"className":941},[465],[943],{"type":17,"tagName":468,"properties":944,"children":945},{"xmlns":470},[946],{"type":17,"tagName":473,"properties":947,"children":948},{},[949,1149],{"type":17,"tagName":477,"properties":950,"children":951},{},[952,979,983,1003,1113,1117],{"type":17,"tagName":481,"properties":953,"children":954},{},[955,973],{"type":17,"tagName":477,"properties":956,"children":957},{},[958,963,968],{"type":17,"tagName":488,"properties":959,"children":960},{"mathvariant":490},[961],{"type":14,"value":962},"F",{"type":17,"tagName":488,"properties":964,"children":965},{"mathvariant":490},[966],{"type":14,"value":967},"L",{"type":17,"tagName":488,"properties":969,"children":970},{"mathvariant":490},[971],{"type":14,"value":972},"Y",{"type":17,"tagName":974,"properties":975,"children":976},"mn",{},[977],{"type":14,"value":978},"25",{"type":17,"tagName":504,"properties":980,"children":981},{},[982],{"type":14,"value":508},{"type":17,"tagName":984,"properties":985,"children":988},"mstyle",{"scriptlevel":986,"displaystyle":987},"0","false",[989],{"type":17,"tagName":990,"properties":991,"children":992},"mfrac",{},[993,998],{"type":17,"tagName":974,"properties":994,"children":995},{},[996],{"type":14,"value":997},"1",{"type":17,"tagName":974,"properties":999,"children":1000},{},[1001],{"type":14,"value":1002},"2",{"type":17,"tagName":477,"properties":1004,"children":1005},{},[1006,1011,1059,1064,1108],{"type":17,"tagName":504,"properties":1007,"children":1008},{"fence":617},[1009],{"type":14,"value":1010},"(",{"type":17,"tagName":481,"properties":1012,"children":1013},{},[1014,1025],{"type":17,"tagName":477,"properties":1015,"children":1016},{},[1017,1021],{"type":17,"tagName":488,"properties":1018,"children":1019},{"mathvariant":490},[1020],{"type":14,"value":519},{"type":17,"tagName":488,"properties":1022,"children":1023},{"mathvariant":490},[1024],{"type":14,"value":524},{"type":17,"tagName":477,"properties":1026,"children":1027},{},[1028,1032,1036,1040],{"type":17,"tagName":974,"properties":1029,"children":1030},{},[1031],{"type":14,"value":978},{"type":17,"tagName":488,"properties":1033,"children":1034},{"mathvariant":490},[1035],{"type":14,"value":502},{"type":17,"tagName":533,"properties":1037,"children":1038},{},[1039],{"type":14,"value":537},{"type":17,"tagName":477,"properties":1041,"children":1042},{},[1043,1047,1051,1055],{"type":17,"tagName":488,"properties":1044,"children":1045},{"mathvariant":490},[1046],{"type":14,"value":592},{"type":17,"tagName":488,"properties":1048,"children":1049},{"mathvariant":490},[1050],{"type":14,"value":425},{"type":17,"tagName":488,"properties":1052,"children":1053},{"mathvariant":490},[1054],{"type":14,"value":601},{"type":17,"tagName":488,"properties":1056,"children":1057},{"mathvariant":490},[1058],{"type":14,"value":601},{"type":17,"tagName":504,"properties":1060,"children":1061},{},[1062],{"type":14,"value":1063},"+",{"type":17,"tagName":481,"properties":1065,"children":1066},{},[1067,1078],{"type":17,"tagName":477,"properties":1068,"children":1069},{},[1070,1074],{"type":17,"tagName":488,"properties":1071,"children":1072},{"mathvariant":490},[1073],{"type":14,"value":519},{"type":17,"tagName":488,"properties":1075,"children":1076},{"mathvariant":490},[1077],{"type":14,"value":524},{"type":17,"tagName":477,"properties":1079,"children":1080},{},[1081,1085,1089,1093],{"type":17,"tagName":974,"properties":1082,"children":1083},{},[1084],{"type":14,"value":978},{"type":17,"tagName":488,"properties":1086,"children":1087},{"mathvariant":490},[1088],{"type":14,"value":502},{"type":17,"tagName":533,"properties":1090,"children":1091},{},[1092],{"type":14,"value":537},{"type":17,"tagName":477,"properties":1094,"children":1095},{},[1096,1100,1104],{"type":17,"tagName":488,"properties":1097,"children":1098},{"mathvariant":490},[1099],{"type":14,"value":18},{"type":17,"tagName":488,"properties":1101,"children":1102},{"mathvariant":490},[1103],{"type":14,"value":549},{"type":17,"tagName":488,"properties":1105,"children":1106},{"mathvariant":490},[1107],{"type":14,"value":554},{"type":17,"tagName":504,"properties":1109,"children":1110},{"fence":617},[1111],{"type":14,"value":1112},")",{"type":17,"tagName":504,"properties":1114,"children":1115},{},[1116],{"type":14,"value":559},{"type":17,"tagName":481,"properties":1118,"children":1119},{},[1120,1131],{"type":17,"tagName":477,"properties":1121,"children":1122},{},[1123,1127],{"type":17,"tagName":488,"properties":1124,"children":1125},{"mathvariant":490},[1126],{"type":14,"value":519},{"type":17,"tagName":488,"properties":1128,"children":1129},{"mathvariant":490},[1130],{"type":14,"value":524},{"type":17,"tagName":477,"properties":1132,"children":1133},{},[1134,1139,1144],{"type":17,"tagName":488,"properties":1135,"children":1136},{"mathvariant":490},[1137],{"type":14,"value":1138},"A",{"type":17,"tagName":488,"properties":1140,"children":1141},{"mathvariant":490},[1142],{"type":14,"value":1143},"T",{"type":17,"tagName":488,"properties":1145,"children":1146},{"mathvariant":490},[1147],{"type":14,"value":1148},"M",{"type":17,"tagName":607,"properties":1150,"children":1151},{"encoding":609},[1152],{"type":14,"value":1153},"\\mathrm{FLY}_{25} = \\tfrac{1}{2}\\left(\\mathrm{IV}_{25\\Delta\\,\\mathrm{call}} + \\mathrm{IV}_{25\\Delta\\,\\mathrm{put}}\\right) - \\mathrm{IV}_{\\mathrm{ATM}}",{"type":17,"tagName":457,"properties":1155,"children":1157},{"className":1156,"ariaHidden":617},[616],[1158,1247,1567],{"type":17,"tagName":457,"properties":1159,"children":1161},{"className":1160},[622],[1162,1166,1234,1238,1243],{"type":17,"tagName":457,"properties":1163,"children":1165},{"className":1164,"style":628},[627],[],{"type":17,"tagName":457,"properties":1167,"children":1169},{"className":1168},[633],[1170,1181],{"type":17,"tagName":457,"properties":1171,"children":1173},{"className":1172},[633],[1174],{"type":17,"tagName":457,"properties":1175,"children":1178},{"className":1176,"style":1177},[633,642],"margin-right:0.025em;",[1179],{"type":14,"value":1180},"FLY",{"type":17,"tagName":457,"properties":1182,"children":1184},{"className":1183},[649],[1185],{"type":17,"tagName":457,"properties":1186,"children":1188},{"className":1187},[654,655],[1189,1223],{"type":17,"tagName":457,"properties":1190,"children":1192},{"className":1191},[660],[1193,1218],{"type":17,"tagName":457,"properties":1194,"children":1197},{"className":1195,"style":1196},[665],"height:0.3011em;",[1198],{"type":17,"tagName":457,"properties":1199,"children":1200},{"style":670},[1201,1205],{"type":17,"tagName":457,"properties":1202,"children":1204},{"className":1203,"style":676},[675],[],{"type":17,"tagName":457,"properties":1206,"children":1208},{"className":1207},[681,682,683,684],[1209],{"type":17,"tagName":457,"properties":1210,"children":1212},{"className":1211},[633,684],[1213],{"type":17,"tagName":457,"properties":1214,"children":1216},{"className":1215},[633,684],[1217],{"type":14,"value":978},{"type":17,"tagName":457,"properties":1219,"children":1221},{"className":1220},[698],[1222],{"type":14,"value":701},{"type":17,"tagName":457,"properties":1224,"children":1226},{"className":1225},[660],[1227],{"type":17,"tagName":457,"properties":1228,"children":1230},{"className":1229,"style":709},[665],[1231],{"type":17,"tagName":457,"properties":1232,"children":1233},{},[],{"type":17,"tagName":457,"properties":1235,"children":1237},{"className":1236,"style":718},[717],[],{"type":17,"tagName":457,"properties":1239,"children":1241},{"className":1240},[723],[1242],{"type":14,"value":508},{"type":17,"tagName":457,"properties":1244,"children":1246},{"className":1245,"style":718},[717],[],{"type":17,"tagName":457,"properties":1248,"children":1250},{"className":1249},[622],[1251,1256,1362,1367,1554,1558,1563],{"type":17,"tagName":457,"properties":1252,"children":1255},{"className":1253,"style":1254},[627],"height:1.1901em;vertical-align:-0.345em;",[],{"type":17,"tagName":457,"properties":1257,"children":1259},{"className":1258},[633],[1260,1266,1357],{"type":17,"tagName":457,"properties":1261,"children":1265},{"className":1262},[1263,1264],"mopen","nulldelimiter",[],{"type":17,"tagName":457,"properties":1267,"children":1269},{"className":1268},[990],[1270],{"type":17,"tagName":457,"properties":1271,"children":1273},{"className":1272},[654,655],[1274,1345],{"type":17,"tagName":457,"properties":1275,"children":1277},{"className":1276},[660],[1278,1340],{"type":17,"tagName":457,"properties":1279,"children":1282},{"className":1280,"style":1281},[665],"height:0.8451em;",[1283,1305,1319],{"type":17,"tagName":457,"properties":1284,"children":1286},{"style":1285},"top:-2.655em;",[1287,1292],{"type":17,"tagName":457,"properties":1288,"children":1291},{"className":1289,"style":1290},[675],"height:3em;",[],{"type":17,"tagName":457,"properties":1293,"children":1295},{"className":1294},[681,682,683,684],[1296],{"type":17,"tagName":457,"properties":1297,"children":1299},{"className":1298},[633,684],[1300],{"type":17,"tagName":457,"properties":1301,"children":1303},{"className":1302},[633,684],[1304],{"type":14,"value":1002},{"type":17,"tagName":457,"properties":1306,"children":1308},{"style":1307},"top:-3.23em;",[1309,1313],{"type":17,"tagName":457,"properties":1310,"children":1312},{"className":1311,"style":1290},[675],[],{"type":17,"tagName":457,"properties":1314,"children":1318},{"className":1315,"style":1317},[1316],"frac-line","border-bottom-width:0.04em;",[],{"type":17,"tagName":457,"properties":1320,"children":1322},{"style":1321},"top:-3.394em;",[1323,1327],{"type":17,"tagName":457,"properties":1324,"children":1326},{"className":1325,"style":1290},[675],[],{"type":17,"tagName":457,"properties":1328,"children":1330},{"className":1329},[681,682,683,684],[1331],{"type":17,"tagName":457,"properties":1332,"children":1334},{"className":1333},[633,684],[1335],{"type":17,"tagName":457,"properties":1336,"children":1338},{"className":1337},[633,684],[1339],{"type":14,"value":997},{"type":17,"tagName":457,"properties":1341,"children":1343},{"className":1342},[698],[1344],{"type":14,"value":701},{"type":17,"tagName":457,"properties":1346,"children":1348},{"className":1347},[660],[1349],{"type":17,"tagName":457,"properties":1350,"children":1353},{"className":1351,"style":1352},[665],"height:0.345em;",[1354],{"type":17,"tagName":457,"properties":1355,"children":1356},{},[],{"type":17,"tagName":457,"properties":1358,"children":1361},{"className":1359},[1360,1264],"mclose",[],{"type":17,"tagName":457,"properties":1363,"children":1366},{"className":1364,"style":1365},[717],"margin-right:0.1667em;",[],{"type":17,"tagName":457,"properties":1368,"children":1371},{"className":1369},[1370],"minner",[1372,1379,1458,1462,1467,1471,1549],{"type":17,"tagName":457,"properties":1373,"children":1377},{"className":1374,"style":1376},[1263,1375],"delimcenter","top:0em;",[1378],{"type":14,"value":1010},{"type":17,"tagName":457,"properties":1380,"children":1382},{"className":1381},[633],[1383,1392],{"type":17,"tagName":457,"properties":1384,"children":1386},{"className":1385},[633],[1387],{"type":17,"tagName":457,"properties":1388,"children":1390},{"className":1389,"style":750},[633,642],[1391],{"type":14,"value":753},{"type":17,"tagName":457,"properties":1393,"children":1395},{"className":1394},[649],[1396],{"type":17,"tagName":457,"properties":1397,"children":1399},{"className":1398},[654,655],[1400,1447],{"type":17,"tagName":457,"properties":1401,"children":1403},{"className":1402},[660],[1404,1442],{"type":17,"tagName":457,"properties":1405,"children":1407},{"className":1406,"style":873},[665],[1408],{"type":17,"tagName":457,"properties":1409,"children":1410},{"style":670},[1411,1415],{"type":17,"tagName":457,"properties":1412,"children":1414},{"className":1413,"style":676},[675],[],{"type":17,"tagName":457,"properties":1416,"children":1418},{"className":1417},[681,682,683,684],[1419],{"type":17,"tagName":457,"properties":1420,"children":1422},{"className":1421},[633,684],[1423,1429,1433],{"type":17,"tagName":457,"properties":1424,"children":1426},{"className":1425},[633,684],[1427],{"type":14,"value":1428},"25Δ",{"type":17,"tagName":457,"properties":1430,"children":1432},{"className":1431,"style":793},[717,684],[],{"type":17,"tagName":457,"properties":1434,"children":1436},{"className":1435},[633,684],[1437],{"type":17,"tagName":457,"properties":1438,"children":1440},{"className":1439},[633,642,684],[1441],{"type":14,"value":908},{"type":17,"tagName":457,"properties":1443,"children":1445},{"className":1444},[698],[1446],{"type":14,"value":701},{"type":17,"tagName":457,"properties":1448,"children":1450},{"className":1449},[660],[1451],{"type":17,"tagName":457,"properties":1452,"children":1454},{"className":1453,"style":709},[665],[1455],{"type":17,"tagName":457,"properties":1456,"children":1457},{},[],{"type":17,"tagName":457,"properties":1459,"children":1461},{"className":1460,"style":825},[717],[],{"type":17,"tagName":457,"properties":1463,"children":1465},{"className":1464},[830],[1466],{"type":14,"value":1063},{"type":17,"tagName":457,"properties":1468,"children":1470},{"className":1469,"style":825},[717],[],{"type":17,"tagName":457,"properties":1472,"children":1474},{"className":1473},[633],[1475,1484],{"type":17,"tagName":457,"properties":1476,"children":1478},{"className":1477},[633],[1479],{"type":17,"tagName":457,"properties":1480,"children":1482},{"className":1481,"style":750},[633,642],[1483],{"type":14,"value":753},{"type":17,"tagName":457,"properties":1485,"children":1487},{"className":1486},[649],[1488],{"type":17,"tagName":457,"properties":1489,"children":1491},{"className":1490},[654,655],[1492,1538],{"type":17,"tagName":457,"properties":1493,"children":1495},{"className":1494},[660],[1496,1533],{"type":17,"tagName":457,"properties":1497,"children":1499},{"className":1498,"style":666},[665],[1500],{"type":17,"tagName":457,"properties":1501,"children":1502},{"style":670},[1503,1507],{"type":17,"tagName":457,"properties":1504,"children":1506},{"className":1505,"style":676},[675],[],{"type":17,"tagName":457,"properties":1508,"children":1510},{"className":1509},[681,682,683,684],[1511],{"type":17,"tagName":457,"properties":1512,"children":1514},{"className":1513},[633,684],[1515,1520,1524],{"type":17,"tagName":457,"properties":1516,"children":1518},{"className":1517},[633,684],[1519],{"type":14,"value":1428},{"type":17,"tagName":457,"properties":1521,"children":1523},{"className":1522,"style":793},[717,684],[],{"type":17,"tagName":457,"properties":1525,"children":1527},{"className":1526},[633,684],[1528],{"type":17,"tagName":457,"properties":1529,"children":1531},{"className":1530},[633,642,684],[1532],{"type":14,"value":804},{"type":17,"tagName":457,"properties":1534,"children":1536},{"className":1535},[698],[1537],{"type":14,"value":701},{"type":17,"tagName":457,"properties":1539,"children":1541},{"className":1540},[660],[1542],{"type":17,"tagName":457,"properties":1543,"children":1545},{"className":1544,"style":817},[665],[1546],{"type":17,"tagName":457,"properties":1547,"children":1548},{},[],{"type":17,"tagName":457,"properties":1550,"children":1552},{"className":1551,"style":1376},[1360,1375],[1553],{"type":14,"value":1112},{"type":17,"tagName":457,"properties":1555,"children":1557},{"className":1556,"style":825},[717],[],{"type":17,"tagName":457,"properties":1559,"children":1561},{"className":1560},[830],[1562],{"type":14,"value":559},{"type":17,"tagName":457,"properties":1564,"children":1566},{"className":1565,"style":825},[717],[],{"type":17,"tagName":457,"properties":1568,"children":1570},{"className":1569},[622],[1571,1575],{"type":17,"tagName":457,"properties":1572,"children":1574},{"className":1573,"style":628},[627],[],{"type":17,"tagName":457,"properties":1576,"children":1578},{"className":1577},[633],[1579,1588],{"type":17,"tagName":457,"properties":1580,"children":1582},{"className":1581},[633],[1583],{"type":17,"tagName":457,"properties":1584,"children":1586},{"className":1585,"style":750},[633,642],[1587],{"type":14,"value":753},{"type":17,"tagName":457,"properties":1589,"children":1591},{"className":1590},[649],[1592],{"type":17,"tagName":457,"properties":1593,"children":1595},{"className":1594},[654,655],[1596,1633],{"type":17,"tagName":457,"properties":1597,"children":1599},{"className":1598},[660],[1600,1628],{"type":17,"tagName":457,"properties":1601,"children":1603},{"className":1602,"style":666},[665],[1604],{"type":17,"tagName":457,"properties":1605,"children":1606},{"style":670},[1607,1611],{"type":17,"tagName":457,"properties":1608,"children":1610},{"className":1609,"style":676},[675],[],{"type":17,"tagName":457,"properties":1612,"children":1614},{"className":1613},[681,682,683,684],[1615],{"type":17,"tagName":457,"properties":1616,"children":1618},{"className":1617},[633,684],[1619],{"type":17,"tagName":457,"properties":1620,"children":1622},{"className":1621},[633,684],[1623],{"type":17,"tagName":457,"properties":1624,"children":1626},{"className":1625},[633,642,684],[1627],{"type":14,"value":245},{"type":17,"tagName":457,"properties":1629,"children":1631},{"className":1630},[698],[1632],{"type":14,"value":701},{"type":17,"tagName":457,"properties":1634,"children":1636},{"className":1635},[660],[1637],{"type":17,"tagName":457,"properties":1638,"children":1640},{"className":1639,"style":709},[665],[1641],{"type":17,"tagName":457,"properties":1642,"children":1643},{},[],{"start":1645,"end":1648},{"line":1646,"column":26,"offset":1647},30,1620,{"line":1646,"column":1649,"offset":1650},155,1774,{"type":14,"value":15},{"type":17,"tagName":18,"properties":1653,"children":1654,"position":1664},{},[1655],{"type":14,"value":1656,"position":1657},"Some platforms quote RR with the opposite sign; check the convention before comparing across venues.",{"start":1658,"end":1661},{"line":1659,"column":26,"offset":1660},32,1776,{"line":1659,"column":1662,"offset":1663},101,1876,{"start":1665,"end":1666},{"line":1659,"column":26,"offset":1660},{"line":1659,"column":1662,"offset":1663},{"type":14,"value":15},{"type":17,"tagName":74,"properties":1669,"children":1671,"position":1680},{"id":1670},"settings",[1672],{"type":14,"value":1673,"position":1674},"Settings",{"start":1675,"end":1678},{"line":1676,"column":83,"offset":1677},34,1881,{"line":1676,"column":192,"offset":1679},1889,{"start":1681,"end":1683},{"line":1676,"column":26,"offset":1682},1878,{"line":1676,"column":192,"offset":1679},{"type":14,"value":1685},"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",{"type":17,"tagName":1687,"properties":1688,"children":1689,"position":1864},"table",{},[1690,1754],{"type":17,"tagName":1691,"properties":1692,"children":1693,"position":1751},"thead",{},[1694],{"type":17,"tagName":1695,"properties":1696,"children":1697,"position":1748},"tr",{},[1698,1715,1732],{"type":17,"tagName":1699,"properties":1700,"children":1701,"position":1710},"th",{},[1702],{"type":14,"value":1703,"position":1704},"Setting",{"start":1705,"end":1708},{"line":1706,"column":25,"offset":1707},36,1893,{"line":1706,"column":146,"offset":1709},1900,{"start":1711,"end":1713},{"line":1706,"column":26,"offset":1712},1891,{"line":1706,"column":117,"offset":1714},1901,{"type":17,"tagName":1699,"properties":1716,"children":1717,"position":1727},{},[1718],{"type":14,"value":1719,"position":1720},"What it does",{"start":1721,"end":1724},{"line":1706,"column":1722,"offset":1723},13,1903,{"line":1706,"column":1725,"offset":1726},25,1915,{"start":1728,"end":1729},{"line":1706,"column":117,"offset":1714},{"line":1706,"column":1730,"offset":1731},87,1977,{"type":17,"tagName":1699,"properties":1733,"children":1734,"position":1744},{},[1735],{"type":14,"value":1736,"position":1737},"Default",{"start":1738,"end":1741},{"line":1706,"column":1739,"offset":1740},89,1979,{"line":1706,"column":1742,"offset":1743},96,1986,{"start":1745,"end":1746},{"line":1706,"column":1730,"offset":1731},{"line":1706,"column":440,"offset":1747},1988,{"start":1749,"end":1750},{"line":1706,"column":26,"offset":1712},{"line":1706,"column":440,"offset":1747},{"start":1752,"end":1753},{"line":1706,"column":26,"offset":1712},{"line":1706,"column":440,"offset":1747},{"type":17,"tagName":1755,"properties":1756,"children":1757,"position":1861},"tbody",{},[1758,1811],{"type":17,"tagName":1695,"properties":1759,"children":1760,"position":1808},{},[1761,1778,1793],{"type":17,"tagName":1762,"properties":1763,"children":1764,"position":1773},"td",{},[1765],{"type":14,"value":1766,"position":1767},"Theme",{"start":1768,"end":1771},{"line":1769,"column":25,"offset":1770},38,2089,{"line":1769,"column":250,"offset":1772},2094,{"start":1774,"end":1776},{"line":1769,"column":26,"offset":1775},2087,{"line":1769,"column":117,"offset":1777},2097,{"type":17,"tagName":1762,"properties":1779,"children":1780,"position":1789},{},[1781],{"type":14,"value":1782,"position":1783},"Color theme for the pane: series colors, fills, and accents (six choices)",{"start":1784,"end":1786},{"line":1769,"column":1722,"offset":1785},2099,{"line":1769,"column":1787,"offset":1788},86,2172,{"start":1790,"end":1791},{"line":1769,"column":117,"offset":1777},{"line":1769,"column":1730,"offset":1792},2173,{"type":17,"tagName":1762,"properties":1794,"children":1795,"position":1804},{},[1796],{"type":14,"value":1797,"position":1798},"Aurora",{"start":1799,"end":1801},{"line":1769,"column":1739,"offset":1800},2175,{"line":1769,"column":1802,"offset":1803},95,2181,{"start":1805,"end":1806},{"line":1769,"column":1730,"offset":1792},{"line":1769,"column":440,"offset":1807},2184,{"start":1809,"end":1810},{"line":1769,"column":26,"offset":1775},{"line":1769,"column":440,"offset":1807},{"type":17,"tagName":1695,"properties":1812,"children":1813,"position":1858},{},[1814,1829,1844],{"type":17,"tagName":1762,"properties":1815,"children":1816,"position":1824},{},[1817],{"type":14,"value":1818,"position":1819},"Refresh",{"start":1820,"end":1822},{"line":132,"column":25,"offset":1821},2187,{"line":132,"column":146,"offset":1823},2194,{"start":1825,"end":1827},{"line":132,"column":26,"offset":1826},2185,{"line":132,"column":117,"offset":1828},2195,{"type":17,"tagName":1762,"properties":1830,"children":1831,"position":1840},{},[1832],{"type":14,"value":1833,"position":1834},"Poll cadence in seconds (30 to 600)",{"start":1835,"end":1837},{"line":132,"column":1722,"offset":1836},2197,{"line":132,"column":1838,"offset":1839},48,2232,{"start":1841,"end":1842},{"line":132,"column":117,"offset":1828},{"line":132,"column":1730,"offset":1843},2271,{"type":17,"tagName":1762,"properties":1845,"children":1846,"position":1854},{},[1847],{"type":14,"value":1848,"position":1849},"60",{"start":1850,"end":1852},{"line":132,"column":1739,"offset":1851},2273,{"line":132,"column":173,"offset":1853},2275,{"start":1855,"end":1856},{"line":132,"column":1730,"offset":1843},{"line":132,"column":440,"offset":1857},2282,{"start":1859,"end":1860},{"line":132,"column":26,"offset":1826},{"line":132,"column":440,"offset":1857},{"start":1862,"end":1863},{"line":1769,"column":26,"offset":1775},{"line":132,"column":440,"offset":1857},{"start":1865,"end":1866},{"line":1706,"column":26,"offset":1712},{"line":132,"column":440,"offset":1857},{"type":14,"value":15},{"type":17,"tagName":74,"properties":1869,"children":1871,"position":1880},{"id":1870},"assumptions",[1872],{"type":14,"value":1873,"position":1874},"Assumptions",{"start":1875,"end":1878},{"line":1876,"column":83,"offset":1877},41,2287,{"line":1876,"column":149,"offset":1879},2298,{"start":1881,"end":1883},{"line":1876,"column":26,"offset":1882},2284,{"line":1876,"column":149,"offset":1879},{"type":14,"value":15},{"type":17,"tagName":234,"properties":1886,"children":1887,"position":1940},{},[1888,1889,1905,1906,1922,1923,1939],{"type":14,"value":15},{"type":17,"tagName":99,"properties":1890,"children":1891,"position":1901},{},[1892],{"type":14,"value":1893,"position":1894},"Reads the same live chain snapshot as the rest of the suite, refreshed on the pane's own poll (default 60 seconds).",{"start":1895,"end":1898},{"line":1896,"column":25,"offset":1897},43,2302,{"line":1896,"column":1899,"offset":1900},118,2417,{"start":1902,"end":1904},{"line":1896,"column":26,"offset":1903},2300,{"line":1896,"column":1899,"offset":1900},{"type":14,"value":15},{"type":17,"tagName":99,"properties":1907,"children":1908,"position":1918},{},[1909],{"type":14,"value":1910,"position":1911},"Rows are capped to the nearest 8 live expiries by days to expiry.",{"start":1912,"end":1915},{"line":1913,"column":25,"offset":1914},44,2420,{"line":1913,"column":1916,"offset":1917},68,2485,{"start":1919,"end":1921},{"line":1913,"column":26,"offset":1920},2418,{"line":1913,"column":1916,"offset":1917},{"type":14,"value":15},{"type":17,"tagName":99,"properties":1924,"children":1925,"position":1935},{},[1926],{"type":14,"value":1927,"position":1928},"A cell with no resolvable quote (for example a wing with no listed instrument at that delta) is left blank rather than shown as zero.",{"start":1929,"end":1932},{"line":1930,"column":25,"offset":1931},45,2488,{"line":1930,"column":1933,"offset":1934},136,2621,{"start":1936,"end":1938},{"line":1930,"column":26,"offset":1937},2486,{"line":1930,"column":1933,"offset":1934},{"type":14,"value":15},{"start":1941,"end":1942},{"line":1896,"column":26,"offset":1903},{"line":1930,"column":1933,"offset":1934},{"type":14,"value":15},{"type":17,"tagName":74,"properties":1945,"children":1947,"position":1957},{"id":1946},"trade-around-it-honestly",[1948],{"type":14,"value":1949,"position":1950},"Trade around it, honestly",{"start":1951,"end":1954},{"line":1952,"column":83,"offset":1953},47,2626,{"line":1952,"column":1955,"offset":1956},29,2651,{"start":1958,"end":1960},{"line":1952,"column":26,"offset":1959},2623,{"line":1952,"column":1955,"offset":1956},{"type":14,"value":15},{"type":17,"tagName":234,"properties":1963,"children":1964,"position":2092},{},[1965,1966,1996,1997,2027,2028,2060,2061,2091],{"type":14,"value":15},{"type":17,"tagName":99,"properties":1967,"children":1968,"position":1992},{},[1969,1985],{"type":17,"tagName":32,"properties":1970,"children":1971,"position":1980},{},[1972],{"type":14,"value":1973,"position":1974},"Scan the RR25 column top to bottom",{"start":1975,"end":1978},{"line":1976,"column":64,"offset":1977},49,2657,{"line":1976,"column":132,"offset":1979},2691,{"start":1981,"end":1983},{"line":1976,"column":25,"offset":1982},2655,{"line":1976,"column":1876,"offset":1984},2693,{"type":14,"value":1986,"position":1987}," for the skew term structure at a glance: positive readings say puts are bid (fear priced in) at that horizon, negative say calls are bid (upside chased); watch how the sign migrates from front rows to back rows.",{"start":1988,"end":1989},{"line":1976,"column":1876,"offset":1984},{"line":1976,"column":1990,"offset":1991},253,2905,{"start":1993,"end":1995},{"line":1976,"column":26,"offset":1994},2653,{"line":1976,"column":1990,"offset":1991},{"type":14,"value":15},{"type":17,"tagName":99,"properties":1998,"children":1999,"position":2023},{},[2000,2016],{"type":17,"tagName":32,"properties":2001,"children":2002,"position":2011},{},[2003],{"type":14,"value":2004,"position":2005},"FLY rising means tails are bid",{"start":2006,"end":2009},{"line":2007,"column":64,"offset":2008},50,2910,{"line":2007,"column":161,"offset":2010},2940,{"start":2012,"end":2014},{"line":2007,"column":25,"offset":2013},2908,{"line":2007,"column":166,"offset":2015},2942,{"type":14,"value":2017,"position":2018},": the market is paying for surprise in either direction, not picking a side.",{"start":2019,"end":2020},{"line":2007,"column":166,"offset":2015},{"line":2007,"column":2021,"offset":2022},113,3018,{"start":2024,"end":2026},{"line":2007,"column":26,"offset":2025},2906,{"line":2007,"column":2021,"offset":2022},{"type":14,"value":15},{"type":17,"tagName":99,"properties":2029,"children":2030,"position":2056},{},[2031,2049],{"type":17,"tagName":32,"properties":2032,"children":2033,"position":2043},{},[2034],{"type":14,"value":2035,"position":2036},"Let the OI column filter the table.",{"start":2037,"end":2040},{"line":2038,"column":64,"offset":2039},51,3023,{"line":2038,"column":2041,"offset":2042},40,3058,{"start":2044,"end":2046},{"line":2038,"column":25,"offset":2045},3021,{"line":2038,"column":2047,"offset":2048},42,3060,{"type":14,"value":2050,"position":2051}," It tells you which rows deserve attention at all.",{"start":2052,"end":2053},{"line":2038,"column":2047,"offset":2048},{"line":2038,"column":2054,"offset":2055},92,3110,{"start":2057,"end":2059},{"line":2038,"column":26,"offset":2058},3019,{"line":2038,"column":2054,"offset":2055},{"type":14,"value":15},{"type":17,"tagName":99,"properties":2062,"children":2063,"position":2087},{},[2064,2080],{"type":17,"tagName":32,"properties":2065,"children":2066,"position":2075},{},[2067],{"type":14,"value":2068,"position":2069},"Skeptical caveat",{"start":2070,"end":2073},{"line":2071,"column":64,"offset":2072},52,3115,{"line":2071,"column":120,"offset":2074},3131,{"start":2076,"end":2078},{"line":2071,"column":25,"offset":2077},3113,{"line":2071,"column":125,"offset":2079},3133,{"type":14,"value":2081,"position":2082},": rows with tiny open interest produce noisy wing stats. Read RR and FLY on the liquid rows.",{"start":2083,"end":2084},{"line":2071,"column":125,"offset":2079},{"line":2071,"column":2085,"offset":2086},115,3225,{"start":2088,"end":2090},{"line":2071,"column":26,"offset":2089},3111,{"line":2071,"column":2085,"offset":2086},{"type":14,"value":15},{"start":2093,"end":2094},{"line":1976,"column":26,"offset":1994},{"line":2071,"column":2085,"offset":2086},{"type":14,"value":15},{"type":17,"tagName":2097,"properties":2098,"children":2100},"hint",{"type":2099},"info",[2101,2123],{"type":17,"tagName":18,"properties":2102,"children":2103,"position":2120},{},[2104],{"type":17,"tagName":32,"properties":2105,"children":2106,"position":2115},{},[2107],{"type":14,"value":2108,"position":2109},"Related",{"start":2110,"end":2113},{"line":2111,"column":25,"offset":2112},57,3255,{"line":2111,"column":146,"offset":2114},3262,{"start":2116,"end":2118},{"line":2111,"column":26,"offset":2117},3253,{"line":2111,"column":192,"offset":2119},3264,{"start":2121,"end":2122},{"line":2111,"column":26,"offset":2117},{"line":2111,"column":192,"offset":2119},{"type":17,"tagName":18,"properties":2124,"children":2125,"position":2204},{},[2126,2134,2150,2156,2172,2179,2197],{"type":14,"value":2127,"position":2128},"The ",{"start":2129,"end":2132},{"line":2130,"column":26,"offset":2131},59,3266,{"line":2130,"column":64,"offset":2133},3270,{"type":17,"tagName":425,"properties":2135,"children":2137,"position":2146},{"href":2136},"/learn/options/term-structure",[2138],{"type":14,"value":2139,"position":2140},"Term structure",{"start":2141,"end":2144},{"line":2130,"column":2142,"offset":2143},6,3271,{"line":2130,"column":310,"offset":2145},3285,{"start":2147,"end":2148},{"line":2130,"column":64,"offset":2133},{"line":2130,"column":2071,"offset":2149},3317,{"type":14,"value":2151,"position":2152}," charts the ATM column as a curve, the ",{"start":2153,"end":2154},{"line":2130,"column":2071,"offset":2149},{"line":2130,"column":173,"offset":2155},3356,{"type":17,"tagName":425,"properties":2157,"children":2159,"position":2167},{"href":2158},"/learn/options/iv-smile",[2160],{"type":14,"value":2161,"position":2162},"IV smile",{"start":2163,"end":2165},{"line":2130,"column":2054,"offset":2164},3357,{"line":2130,"column":447,"offset":2166},3365,{"start":2168,"end":2169},{"line":2130,"column":173,"offset":2155},{"line":2130,"column":2170,"offset":2171},126,3391,{"type":14,"value":2173,"position":2174}," draws the full curves these numbers summarize, and the ",{"start":2175,"end":2176},{"line":2130,"column":2170,"offset":2171},{"line":2130,"column":2177,"offset":2178},182,3447,{"type":17,"tagName":425,"properties":2180,"children":2182,"position":2192},{"href":2181},"/learn/options/dashboard",[2183],{"type":14,"value":2184,"position":2185},"Dashboard",{"start":2186,"end":2189},{"line":2130,"column":2187,"offset":2188},183,3448,{"line":2130,"column":2190,"offset":2191},192,3457,{"start":2193,"end":2194},{"line":2130,"column":2177,"offset":2178},{"line":2130,"column":2195,"offset":2196},219,3484,{"type":14,"value":2198,"position":2199}," puts flow next to positioning for the same board.",{"start":2200,"end":2201},{"line":2130,"column":2195,"offset":2196},{"line":2130,"column":2202,"offset":2203},269,3534,{"start":2205,"end":2206},{"line":2130,"column":26,"offset":2131},{"line":2130,"column":2202,"offset":2203},{"quirksMode":2208},false,{"start":2210,"end":2212},{"line":26,"column":26,"offset":2211},0,{"line":2213,"column":26,"offset":2214},63,3551,1784888084226]