What does the Statistics toggle in the Volatility Skew chart show? Similar to the Term Structure chart, the Statistics Toggle shows an overlay of the 10th and 90th percentile of historical IV for options of the same days-to-expiration, which can be used to determine if volatility is above or below what can typically be observed based on where the curve lies relative to the shaded range. Related articles Volatility Dashboard Trading Checklist What is the Volatility Skew tab? Volatility Skew What is The Hedge? Volatility Dashboard Trading Example: Basic - Harvest Premium in Fixed Strike Matrix