> For the complete documentation index, see [llms.txt](https://guide.laevitas.ch/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.laevitas.ch/laevitas-metrics/time-lapse-atm-iv-term-structure.md).

# Time Lapse ATM IV Term Structure

{% hint style="info" %}
This metric shows the change in Implied Volatility of the at-the-money options for each expiration against a previous period.
{% endhint %}

![](/files/phPDbOdLRAe6HVomfbxl)