What's up everyone, thanks so much for tuning in to the weekend edition of The Real Vision Daily

Briefing. Here's a highlight from a real visionary's episode between independent volatility

trader Darren Johnson and real vision contributor Jason Buck discussing why trading volatility is the

key to success in the market. Enjoy. The idea of, you know, people are a lot of times systematic

shortfall sellers or systematic longfall buyers, but that's not the world that you think about

or a lot of times I think about it in is that you want to be, you know, like price sensitive.

That's what people are realizing. You want to get paid for the risk you're taking,

which a lot of vol sellers don't realize. And the other thing is you want to figure out a timing

mechanism too to like to capture and monetize the risk that you are taking. So I'm more curious

to like how do you I know you use a lot of realize ball in your own kind of metrics for realize ball

and using more of timing ensemble approach to realize ball. So tell me about that how that's your

primary mechanism or correct me if I'm wrong. That is my primary mechanism and there's a good

reason for that. I view realize ball not necessarily as an edge in itself, but it gives me a gauge

on how turbulent my trade could potentially be, right? And so like I need to know if there's

choppy air ahead, right? So if realize ball and volatility just across the board has certain

stylized properties, we know it clusters in the short time and clustering when when you say that,

most people immediately think clustering doomsday, right? But it also can cluster like where you can

keep going down. It can persist going down for a really long time. It reverts to a long term mean,

right? So there are certain things that we know about whether it's implied or realized,

but I think that with the proliferation of quant programs and financial engineering programs

and so many know it all is on vault to it and fit into it, I think that so many people disparage

realized volatility, right? They view it as, oh, that's pointless that garch doesn't work anymore,

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