This measure doesn't account for the volatility σ from the underlying asset. Compared with former inputs, volatility is not directly observable from marketplace knowledge, but should alternatively be computed in some product, primarily working with ATM implied volatility inside the Black–Scholes model. Dispersion is proportional to volatility, so standardizing by https://lukaspqacx.blogginaway.com/27490138/the-best-side-of-strike-price