Spreadsheet: harry_arora__12156__Harry IP Option
Sheet: Vol Curves

 | Daily Volitility |  | Monthly Volitility
 | Peak |  | Peak
2003-01-01 00:00:00 | 0.45 |  | 0.34
2003-02-01 00:00:00 | 0.45 |  | 0.34
2003-03-01 00:00:00 | 0.45 |  | 0.3
2003-04-01 00:00:00 | 0.45 |  | 0.3
2003-05-01 00:00:00 | 0.5 |  | 0.3
2003-06-01 00:00:00 | 0.55 |  | 0.33
2003-07-01 00:00:00 | 0.61 |  | 0.36
2003-08-01 00:00:00 | 0.61 |  | 0.36
2003-09-01 00:00:00 | 0.35 |  | 0.28
2003-10-01 00:00:00 | 0.35 |  | 0.28
2003-11-01 00:00:00 | 0.35 |  | 0.28
2003-12-01 00:00:00 | 0.35 |  | 0.3
2004-01-01 00:00:00 | 0.35 |  | 0.32
2004-02-01 00:00:00 | 0.35 |  | 0.32
2004-03-01 00:00:00 | 0.35 |  | 0.28
2004-04-01 00:00:00 | 0.35 |  | 0.28
2004-05-01 00:00:00 | 0.4 |  | 0.28
2004-06-01 00:00:00 | 0.45 |  | 0.31
2004-07-01 00:00:00 | 0.52 |  | 0.34
2004-08-01 00:00:00 | 0.52 |  | 0.34
2004-09-01 00:00:00 | 0.35 |  | 0.26
2004-10-01 00:00:00 | 0.35 |  | 0.26
2004-11-01 00:00:00 | 0.35 |  | 0.26
2004-12-01 00:00:00 | 0.35 |  | 0.28
2005-01-01 00:00:00 | 0.35 |  | 0.3
2005-02-01 00:00:00 | 0.35 |  | 0.3
2005-03-01 00:00:00 | 0.35 |  | 0.26
2005-04-01 00:00:00 | 0.35 |  | 0.26
2005-05-01 00:00:00 | 0.35 |  | 0.26
2005-06-01 00:00:00 | 0.4 |  | 0.29
2005-07-01 00:00:00 | 0.47 |  | 0.32
2005-08-01 00:00:00 | 0.47 |  | 0.32
2005-09-01 00:00:00 | 0.3 |  | 0.24
2005-10-01 00:00:00 | 0.3 |  | 0.24
2005-11-01 00:00:00 | 0.3 |  | 0.24
2005-12-01 00:00:00 | 0.3 |  | 0.26
2006-01-01 00:00:00 | 0.35 |  | 0.28
2006-02-01 00:00:00 | 0.35 |  | 0.28
2006-03-01 00:00:00 | 0.27 |  | 0.24
2006-04-01 00:00:00 | 0.27 |  | 0.24
2006-05-01 00:00:00 | 0.27 |  | 0.24
2006-06-01 00:00:00 | 0.32 |  | 0.27
2006-07-01 00:00:00 | 0.42 |  | 0.3
2006-08-01 00:00:00 | 0.42 |  | 0.3
2006-09-01 00:00:00 | 0.25 |  | 0.22
2006-10-01 00:00:00 | 0.25 |  | 0.22
2006-11-01 00:00:00 | 0.25 |  | 0.22
2006-12-01 00:00:00 | 0.27 |  | 0.24
2007-01-01 00:00:00 | 0.33 |  | 0.26
2007-02-01 00:00:00 | 0.33 |  | 0.26
2007-03-01 00:00:00 | 0.25 |  | 0.22
2007-04-01 00:00:00 | 0.25 |  | 0.22
2007-05-01 00:00:00 | 0.25 |  | 0.22
2007-06-01 00:00:00 | 0.3 |  | 0.25
2007-07-01 00:00:00 | 0.4 |  | 0.28
2007-08-01 00:00:00 | 0.4 |  | 0.28
2007-09-01 00:00:00 | 0.23 |  | 0.2
2007-10-01 00:00:00 | 0.23 |  | 0.2
2007-11-01 00:00:00 | 0.23 |  | 0.2
2007-12-01 00:00:00 | 0.25 |  | 0.22
2008-01-01 00:00:00 | 0.32 |  | 0.25
2008-02-01 00:00:00 | 0.32 |  | 0.25
2008-03-01 00:00:00 | 0.24 |  | 0.21
2008-04-01 00:00:00 | 0.24 |  | 0.21
2008-05-01 00:00:00 | 0.24 |  | 0.21
2008-06-01 00:00:00 | 0.29 |  | 0.24
2008-07-01 00:00:00 | 0.39 |  | 0.27
2008-08-01 00:00:00 | 0.39 |  | 0.27
2008-09-01 00:00:00 | 0.22 |  | 0.19
2008-10-01 00:00:00 | 0.22 |  | 0.19
2008-11-01 00:00:00 | 0.22 |  | 0.19
2008-12-01 00:00:00 | 0.24 |  | 0.21
2009-01-01 00:00:00 | 0.31 |  | 0.24
2009-02-01 00:00:00 | 0.31 |  | 0.24
2009-03-01 00:00:00 | 0.23 |  | 0.2
2009-04-01 00:00:00 | 0.23 |  | 0.2
2009-05-01 00:00:00 | 0.23 |  | 0.2
2009-06-01 00:00:00 | 0.28 |  | 0.23
2009-07-01 00:00:00 | 0.38 |  | 0.26
2009-08-01 00:00:00 | 0.38 |  | 0.26
2009-09-01 00:00:00 | 0.21 |  | 0.18
2009-10-01 00:00:00 | 0.21 |  | 0.18
2009-11-01 00:00:00 | 0.21 |  | 0.18
2009-12-01 00:00:00 | 0.23 |  | 0.2
2010-01-01 00:00:00 | 0.3 |  | 0.23
2010-02-01 00:00:00 | 0.3 |  | 0.23
2010-03-01 00:00:00 | 0.22 |  | 0.19
2010-04-01 00:00:00 | 0.22 |  | 0.19
2010-05-01 00:00:00 | 0.22 |  | 0.19
2010-06-01 00:00:00 | 0.27 |  | 0.22
2010-07-01 00:00:00 | 0.37 |  | 0.25
2010-08-01 00:00:00 | 0.37 |  | 0.25
2010-09-01 00:00:00 | 0.2 |  | 0.17
2010-10-01 00:00:00 | 0.2 |  | 0.17
2010-11-01 00:00:00 | 0.2 |  | 0.17
2010-12-01 00:00:00 | 0.22 |  | 0.19
2011-01-01 00:00:00 | 0.29 |  | 0.22
2011-02-01 00:00:00 | 0.29 |  | 0.22
2011-03-01 00:00:00 | 0.23 |  | 0.2
2011-04-01 00:00:00 | 0.23 |  | 0.2
2011-05-01 00:00:00 | 0.23 |  | 0.2
2011-06-01 00:00:00 | 0.26 |  | 0.21
2011-07-01 00:00:00 | 0.37 |  | 0.25
2011-08-01 00:00:00 | 0.37 |  | 0.25
2011-09-01 00:00:00 | 0.23 |  | 0.2
2011-10-01 00:00:00 | 0.23 |  | 0.2
2011-11-01 00:00:00 | 0.23 |  | 0.2
2011-12-01 00:00:00 | 0.25 |  | 0.22
2012-01-01 00:00:00 | 0.29 |  | 0.22
2012-02-01 00:00:00 | 0.29 |  | 0.22
2012-03-01 00:00:00 | 0.23 |  | 0.2
2012-04-01 00:00:00 | 0.23 |  | 0.2
2012-05-01 00:00:00 | 0.23 |  | 0.2
2012-06-01 00:00:00 | 0.26 |  | 0.21
2012-07-01 00:00:00 | 0.37 |  | 0.25
2012-08-01 00:00:00 | 0.37 |  | 0.25
2012-09-01 00:00:00 | 0.23 |  | 0.2
2012-10-01 00:00:00 | 0.23 |  | 0.2
2012-11-01 00:00:00 | 0.23 |  | 0.2
2012-12-01 00:00:00 | 0.25 |  | 0.22
2013-01-01 00:00:00 | 0.29 |  | 0.22
2013-02-01 00:00:00 | 0.29 |  | 0.22
2013-03-01 00:00:00 | 0.23 |  | 0.2
2013-04-01 00:00:00 | 0.23 |  | 0.2
2013-05-01 00:00:00 | 0.23 |  | 0.2
2013-06-01 00:00:00 | 0.26 |  | 0.21
2013-07-01 00:00:00 | 0.37 |  | 0.25
2013-08-01 00:00:00 | 0.37 |  | 0.25
2013-09-01 00:00:00 | 0.23 |  | 0.2
2013-10-01 00:00:00 | 0.23 |  | 0.2
2013-11-01 00:00:00 | 0.23 |  | 0.2
2013-12-01 00:00:00 | 0.25 |  | 0.22
2014-01-01 00:00:00 | 0.29 |  | 0.22
2014-02-01 00:00:00 | 0.29 |  | 0.22
2014-03-01 00:00:00 | 0.23 |  | 0.2
2014-04-01 00:00:00 | 0.23 |  | 0.2
2014-05-01 00:00:00 | 0.23 |  | 0.2
2014-06-01 00:00:00 | 0.26 |  | 0.21
2014-07-01 00:00:00 | 0.37 |  | 0.25
2014-08-01 00:00:00 | 0.37 |  | 0.25
2014-09-01 00:00:00 | 0.23 |  | 0.2
2014-10-01 00:00:00 | 0.23 |  | 0.2
2014-11-01 00:00:00 | 0.23 |  | 0.2
2014-12-01 00:00:00 | 0.25 |  | 0.22
2015-01-01 00:00:00 | 0.29 |  | 0.22
2015-02-01 00:00:00 | 0.29 |  | 0.22
2015-03-01 00:00:00 | 0.23 |  | 0.2
2015-04-01 00:00:00 | 0.23 |  | 0.2
2015-05-01 00:00:00 | 0.23 |  | 0.2
2015-06-01 00:00:00 | 0.26 |  | 0.21
2015-07-01 00:00:00 | 0.37 |  | 0.25
2015-08-01 00:00:00 | 0.37 |  | 0.25
2015-09-01 00:00:00 | 0.23 |  | 0.2
2015-10-01 00:00:00 | 0.23 |  | 0.2
2015-11-01 00:00:00 | 0.23 |  | 0.2
2015-12-01 00:00:00 | 0.25 |  | 0.22
2016-01-01 00:00:00 | 0.29 |  | 0.22
2016-02-01 00:00:00 | 0.29 |  | 0.22
2016-03-01 00:00:00 | 0.23 |  | 0.2
2016-04-01 00:00:00 | 0.23 |  | 0.2
2016-05-01 00:00:00 | 0.23 |  | 0.2
2016-06-01 00:00:00 | 0.26 |  | 0.21
2016-07-01 00:00:00 | 0.37 |  | 0.25
2016-08-01 00:00:00 | 0.37 |  | 0.25
2016-09-01 00:00:00 | 0.23 |  | 0.2
2016-10-01 00:00:00 | 0.23 |  | 0.2
2016-11-01 00:00:00 | 0.23 |  | 0.2
2016-12-01 00:00:00 | 0.25 |  | 0.22
2017-01-01 00:00:00 | 0.29 |  | 0.22
2017-02-01 00:00:00 | 0.29 |  | 0.22
2017-03-01 00:00:00 | 0.23 |  | 0.2
2017-04-01 00:00:00 | 0.23 |  | 0.2
2017-05-01 00:00:00 | 0.23 |  | 0.2
2017-06-01 00:00:00 | 0.26 |  | 0.21
2017-07-01 00:00:00 | 0.37 |  | 0.25
2017-08-01 00:00:00 | 0.37 |  | 0.25
2017-09-01 00:00:00 | 0.23 |  | 0.2
2017-10-01 00:00:00 | 0.23 |  | 0.2
2017-11-01 00:00:00 | 0.23 |  | 0.2
2017-12-01 00:00:00 | 0.25 |  | 0.22