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
How do dictionaries define colors? And why are some of those definitions so confusing, like “stronger than carmine” and “bluer than fiesta”? Dictionary editor Kory Stamper explains it all in her new book. Plus, the story behind the expression more...
Those green plastic strips tucked between cuts of meat in supermarket display cases? They’re parsley runners, the result of recommendations from a professional color consultant hired by a grocery chain in the 1950s. Under bright store lights, the...