With respect to long term distributions and statistics, 2022 did not change general expectations about volatility by much: IV still carries upside velocity of risk and clusters below its average the majority of the time. However, adding half of 2021 and 2022 into account (just 5% of the total number of occurrences in the study), the distribution became less skewed and more normal because IV in 2022 was high but not an outlier.
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