# Understanding Volatility

Volatility is one option-related topic that is often in the news. However, **volatility is also one of the most poorly understood and badly explained concepts**, even among people who purport to understand options. Volatility is such an important thing for option investors to understand, **we have made it our mission to clear up the misconceptions** and bring clarity to an often muddled subject.

The course…

**challenges common assumptions about volatility**,- teaches you the
**four types of volatility**, - introduces you to the
**typical view of volatility held by ‘vol’ traders**, - builds a
**new framework for considering volatility as a directional investor**, - shows how to
**identify potentially profitable investments**based on volatility / value mismatches, - teaches
**what the VIX really measures**, - shows why
**the ‘common sense’ strategy for hedging using the VIX doesn’t work** - offers information about
**VIX trading strategies that do work**, - and covers advanced topics such as
**skew, the volatility surface, the term structure of volatility, and dispersion trading**.

The snippet from the video you see above is from the lesson **“VIX Futures”** and introduces the concept of basis and basis risk.

Our goal in this course is to **give you a sensible, accurate, and durable understanding about the vitally important topic of volatility**. Whether or not you use options in your investments or in your investing practice, this mini-course will open your eyes to a completely new world — the world from the perspective of volatility.