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A bit about DVOL (source available from Deribit insights.deribit.com ). It deals with volatility of volatility and can be divided by 19, etc. I'll try to explain it in simple terms. I conditionally split DVOL into two ranges: the "it’s going to blow" range and the "everything is calm" range. The "everything is calm" range is roughly 48-53 — this range indicates...
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