What is IV Crush
IV crush is a sharp drop in implied volatility after an event (often earnings). Option premiums can fall even if the stock moves the way you expected.
Why it matters
Long options into events can lose extrinsic value when IV resets. Hyperion risk copy often highlights event / IV risk — treat it as research, not a hedge ticket.
Next
Read a contract report around earnings and check risks and invalidation before sizing.
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