Pure Black Scholes is not really that useful nowadays because of its key limitations, some can be easily fixed (dividends, no risk free rate, etc.) other cannot (constant volatility) which makes it only useful in areas like vol targeting where you want the volatility to be constant.
I feel like none of these really matter. It's "what is a 0DTE trading for on Robinhood" which is largely driven by supply/demand which does nothing but jack up the IV variable of the equation.
