158 Implied distribution for equity Options The implied distribution is as shown in Figure 15. 4, page 335 The right tail is less heavy and the left tail is heavier than the lognormal distribution Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 15.8 Implied Distribution for Equity Options • The implied distribution is as shown in Figure 15.4, page 335 • The right tail is less heavy and the left tail is heavier than the lognormal distribution