> 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 %}

![](https://1780133611-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5XlTHrw6jWA1Duk8yCcW%2Fuploads%2FHwAF1LcLcGVERqMrY4K3%2Fimage.png?alt=media\&token=5b66168a-f7bc-457b-9fd2-fa3096482f32)