Volatility Models in OptionStation® take the raw implied volatility values for each option calculated by the Pricing Model and uses those values to set the keyword Model Volatility for each option. The Model Volatility keyword is used by the Pricing Model to set the volatility input to the calculation for the theoretical and Greek values for each option. Included Volatility Models allow you to average option volatilities, create skew curves, use asset based statistical volatility, or just pass through the raw values.
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 They process each option in the option chain loaded into the OptionStation® view in what is called the option(n) array. By referencing each option by its (n) index number, you have EasyLanguage® access to the raw implied volatilities; strike price, expiration date, option type, and regional exchange information for every option.
The Volatility Model will set the Model Volatility keyword for each option. This keyword is available to use in EasyLanguage for both Pricing Models and OptionStation Indicators.
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