smile
n.— «The pattern of implied volatilities form a “smile” shape, which is called a volatility smile. Most derivatives markets exhibit persistent patterns of volatilities varying by strike…In practice, either the term “volatility smile” or “volatility skew” (or simply skew) may be used to refer to the general phenomena of volatilities varying by strike. Indeed, you may even hear of “volatility smirks” or “volatility sneers”, but such names are often as much whimsical as they are descriptive of any particular volatility pattern.» —“Volatility Skew” riskglossary.com , 2004. (source: Double-Tongued Dictionary)
Further reading
What kind of book do people ask for most often in prison? Romance novels? No. The Bible? No. The most requested books by far are … dictionaries! A number of volunteer organizations gather and distribute used dictionaries to help inmates with...
What if, instead of being an inanimate object, a dictionary were alive? That’s the idea behind a lavishly illustrated new children’s book called The Dictionary Story (Bookshop|Amazon) by Oliver Jeffers and Sam Winston. This is part of a...