Considering each point is 2500, how can I get the volatility of the jun 24 contract? On tastyworks I'm seeing a 0.7% iv for the contract, how can I translate it to standard deviation? Ex:sp500 15%stdev, gold 20% stdev
For the purpose of calculating the option vol of Eurodollars you need to convert the underlying to basis points of interest. Subtract the price from 100 to determine that level. Sep Euros settled at 99.53. 100-99.53 is .47 .47 is the underlying. Additionally, strikes are 100-strike. The 99.50 strike is really the .5 strike.