Hmmm .... rembrandt you are totally wrong when you say...

Hmmm .... rembrandt you are totally wrong when you say
>>>>>
Translation ... this means that if according to BSOPM modeling ... a derivative is said to have say 35% I/Volatility ... then this equates to the underlying stock as having a 35% probability of reaching the Strike Price by the Expiry Date of the chosen derivative.
<<<<

Here is a piece of pedantry for you.

Implied volatility can be greater than 100%. The probability of anything can never be greater than 100%.

If you don't believe vol can be greater than 100% ask your model what is the implied vol on ERG options today.

So you see when you equate implied volatility to the probability of something happening you are simply wrong.

Some of what you say above is fine but some is confused and incorrect.

cheers,
Expert_System_99