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Catchword for “smile”
Catchword: smile
Filed Under:
Part of Speech: n.
The part of speech reflects that used in the full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: A reference to the common shape of a graph of at- or out-of-the-money put and call implied volatilities for options with a common expiration date. The name comes from the fact that the furthest out of the money options generally have the highest implied volatilities, causing the ends of the graph to turn up.
Author:
Gary L. Gastineau, Mark P. Kritzman
Article, Document, Publication, Web Site:
Dictionary of Financial Risk Management
Date of Publication:
1999
(This date is uncertain. It is either not given, unclear, or unreliable in the original source.)
Originally published in:
Original Article, Document, or Publication Title:
“Glossary”
Original Author:
IFCI Risk Institute
This cite belongs to a full entry for smile.
Posted 27 May 04 | Permalink | Tell a Friend

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