hot desk v.— «In a scheme that could be rapidly rolled out across Whitehall, all civil servants at the Department of Trade and Industry are to “hot desk”, a process beloved of management consultants, which will see mandarins of all ranks move from...
smile n.— «A reference to the common shape of a graph of at- or out-of-the-money put and call implied volatilities for options with a common expiration date. The name comes from the fact that the furthest out of the money options generally have the...
