Skew volatilites are created real-time from the datafeed and can be manually updated or run from a batch program that will run all selected instruments, creating a skew volatility.

These volatilites can be used in all of the Orion programs and can be used in simulating theoretical values in the future where the skew will convex and change shape over time.The volatility relevant to the strike will change as the market price changes for simulations or any of the other programs.The AIV is the choice for calculating std. deviations in the Value-at-Risk report.