0.

35
0.30
0.20

0.9

1.0

1.1

0.8

0.9

1.0

1.1

strike/futures = put moneyness

Expiry: 0.99

Expiry: 1.74

0.35
0.30
0.25
0.20

0.20

0.25

0.30

implied volatility

0.35

0.40

strike/futures = put moneyness

0.40

0.8

implied volatility

0.25

implied volatility

0.35
0.30
0.25
0.20

implied volatility

0.40

Expiry: 0.49

0.40

Expiry: 0.24

0.8

0.9

1.0

1.1

strike/futures = put moneyness

1.2

0.80

0.90

1.00

1.10

strike/futures = put moneyness