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Seasonal patterns for Youdao American Depositary Shares Each Representing One Class A Ordinary Share (DAO): implied volatility, historical volatility and option volume averaged for each day of the year, going back to 2014.

For the latest figures, see DAO implied volatility.

DAO Seasonal Volatility by Day of Year

The following chart shows how implied volatility (IV30) trended by calendar period to detect seasonal patterns during the year.

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