smile

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)

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Further reading

Stub Your Toe (episode #1606)

Advice about college essays from the winner of a top prize for children’s literature: Kelly Barnhill encourages teens to write about experiences that are uniquely their own, from a point of view that is theirs and no one else’s. Plus, why do we say...

If Grandma Had Wheels (episode #1603)

While compiling the Oxford English Dictionary, lexicographer James Murray exchanged hundreds of letters a week with authors, advisors, and volunteer researchers. A new collection online lets you eavesdrop on discussions about which words should be...