Nov 18 2020 26 mins 8
As we continue with our Back to the Basics series, Kai joins us to open up a discussion around [Volatility Skew.](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/understanding-skew-bwbs-and-ratios-02-11-2019 ) Different stocks have different levels of volatility, but the different strikes for the same stock will also have different levels of volatility. This difference of [implied volatility](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/portfolio-tactics-building-blocks-implied-volatility-part-one-12-18-2019 ) across the option chain forms the foundational basis for skew, and as tastytraders, it gives us opportunity with our strategy selection.
