这题另外两个选项解释一下吧，谢谢

问题如下：

Whose comment regarding implied volatility is most likely correct?

选项：

A.Burr’s B.Madisox’s C.Jeffinsin’s

解释：

A Incorrect. Burr’s statement is incorrect. Implied volatility is a measure of estimated future volatility, not historical volatility. Implied volatility is not calculated on the basis of historical volatility. Rather, implied volatility is a component of an option pricing model.

B Correct. Madisox’s statement is correct. Implied volatility is a measure of future estimated volatility, which varies across both exercise price and time to expiration for various options. Accordingly, implied volatility is a measure of the market price of risk.

C Incorrect. Jeffinsin’s statement is incorrect. Volatility skew tends to steepen whenever the market price of hedging is rising, which causes its shape to be different from the volatility smile.

题目中问关于implied volatility正确的一项，Madisox 的陈述正确，波动率曲面确实提供了一个关于隐含波动率如何随执行价格和到期时间变化的可视化图表，这对于期权定价和风险管理非常重要。