> You can't profit off of "80% chance of moving strongly up or down at this specific time"
Sure you can, you buy a set of options which pay off if it moves high or low enough. The reason you can't, in practice, profit is that such opportunities will tend to have already been priced into the cost of those options. But not because there's no such thing as a strategy to profit off of volatility!
Sure you can, you buy a set of options which pay off if it moves high or low enough. The reason you can't, in practice, profit is that such opportunities will tend to have already been priced into the cost of those options. But not because there's no such thing as a strategy to profit off of volatility!