moneyness
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
The degree to which an option is in or out of the money relative to its strike price.
The model bucketed each contract by moneyness before applying the appropriate volatility.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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