Question 6 An option implied volatility measures (a) The actual annualized standard deviation of underlying asset prices over the remaining life of the option (b) The actual annualized standard deviation of underlying asset continuously compounded returns over the remaining life of the option (c) The expected annualized standard deviation of underlying asset continuously compounded returns over the remaining life of the option (d) The expected annualized standard deviation of the option price over the remaining life of the option (e) The expected annualized standard deviation of option continuously compounded returns over the remaining life of the option