IV ka matlab, event se pehle premium kyun phoolta hai, aur IV crush kya cheez hai
Published by The Retail Trader · AUG 09, 2026 · Features
Do option ek hi strike par, ek hi expiry ke, par ek ka premium doosre se do guna. Kyun? Kyunki premium sirf distance ka nahi, umeed ka bhi hai — aur us umeed ka naam implied volatility hai.
IV market ki ye expectation hai ki aage kitni halchal hogi. Ye past ki halchal nahi hai — wo historical volatility hai. IV wo hai jo aaj ke premium se ulta nikala jaata hai: agar log itna premium de rahe hain, to unhe kitne bade move ki umeed hai.
Isliye IV ko forecast maat samjho. Wo prediction nahi, price hai. Aur har price ki tarah ye bhi galat ho sakta hai.
Ek shaant market mein ATM option sasta lagta hai kyunki koi bade move ki umeed nahi kar raha. Ek girte market mein wahi strike kai guna mehnga ho jaata hai, kyunki har koi insurance kharidna chahta hai.
Yahi wajah hai ki panic ke din put option bhaari mehnge hote hain. Aap sirf protection nahi kharid rahe — aap us waqt kharid rahe ho jab sab kharid rahe hain.
Result, budget, policy — kisi bhi bade event se pehle IV chadhta hai. Event ke baad uncertainty khatam ho jaati hai aur IV turant gir jaata hai. Isi girawat ko IV crush kehte hain.
Nateeja wo hota hai jo bahut logon ne bhugta hai: news aapke haq mein aayi, stock upar gaya, aur aapka call option phir bhi sasta ho gaya — kyunki premium mein jitna dar ghula hua tha, wo news aate hi udd gaya.
Practical tarika, bina kisi formula ke:
• Ek hi underlying ke IV ko uske apne itihaas se compare karo — aaj ka IV uske normal range ke upar hai ya neeche.
• IV upar hai matlab option bechne walon ko zyada milta hai aur kharidne walon ko zyada dena padta hai. Ye direction ka signal nahi hai, keemat ka signal hai.
• Bade event se ek-do din pehle IV lagbhag hamesha chadha hua hota hai. Us waqt option buying ka break-even bahut door chala jaata hai.
• Alag-alag strikes ka IV alag hota hai. Door ke strikes ka IV aksar zyada hota hai, kyunki wahan crash ka insurance bikta hai.
Ek line mein: direction sochne se pehle ye poochho ki aap sasta dar kharid rahe ho ya mehnga.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.