The empirical relation which exists between implied volatility and strike prices (it could be also observed between implied volatility and...

A risk-adjusted return measure that quantifies the return generated by a hedge fund for each unit of risk it takes....

A u-shaped pattern, resembling a smile, which is formed by plotting options’ implied volatilities against exercise prices. In general, implied...

A forward or futures contract whose underlying is implied volatility. The parties to the contract trade implied volatility: buyers are...

A risk-adjusted return measure that quantifies the return generated by a hedge fund for each unit of risk it takes....

An agreement that a seller and a buyer enter into in order to exchange a straddle option at a specific...

A volatility trading strategy that combines an at-the-money forward call (ATMF call) with an ATMF put with opposite deltas, in...

A note that pays interest only if the floating interest rate (such as LIBOR) stays within a prespecified range. This...

A swap that entails the exchange of a single period's cash flows linked to the volatility of a specific market...

A swap that entails the exchange of a single period's cash flows linked to the volatility of a specific market...