(2) In many option trading platforms, you'll see another kind of IV: the IV for each specific expiration cycle. (money.stackexchange.com)
This is a trade I've been working for the past couple of options expiration cycles in my IRA successfully and in my taxable account once (ending in a profit in October). (mytradersjournal.com)
Now we can begin to look at each one individualy and ask ourselves: If we are not called away at expiration are we comfortable holding these stocks until the next expiration cycle (or even longer)? (borntosell.com)