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Lesson 41 of 63Greeks, volatility and exposureCurriculum

Expected move: the range options price in

Turn implied volatility into a one-standard-deviation move, see why the straddle prices about 0.8 of it, and how often a stock ends outside the range.

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Check yourself

Apply what you just explored to a guided case with feedback, then to a new case on your own. It's optional: moving on and your study mark don't depend on it.

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Interactive steps are optional practice. Continue whenever you are ready; moving on does not mark this lesson as studied.