# Tag Info

Yes looks like ATM volatility. It’s forward (he also calls it forward forward volatility). Say you have the volatility of an option with 30 days maturity, $\sigma_1$ and $T_1$; and the volatility of an option with 60 days maturity, $\sigma_2$ and $T_2$.The 0-30 bucket will have $\sigma_1$ , whereas the 30-60 days bucket will have the forward volatility ...