smile
n.— «Smile: Graph with a minimum implied volatility for an underlying at-the-money.» —“Glossary of keywords” by André Jaun Hedging Your Portfolio: Options, Swaps and Derivatives Aug. 18, 2003. (source: Double-Tongued Dictionary)
Further reading
It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...
After hearing our conversation about how dictionaries decide on a preferred pronunciation, and specifically about how to pronounce aioli, Vern from San Diego, California, wrote to say that a friend once made fun of him for pronouncing grimace with a...