Implied Volatility

“When central bankers privately and publicly tell you over and over again that we're trying to reactivate markets And when they go on and on about, oh, geez, implied volatility's too low, they're actually saying that our tolerance for some kind of market correc…”

“And you can see it, you know, numerically by looking at the spread of implied volatility over realized volatility. And since the 87 crash, it's been pretty persistent in that, you know, three to four percent range.”