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...
crunk adj.— «He looks around the classroom and a wide smile breaks across his face. He starts enthusiastically bobbing his head and out comes, ‘Dang, this class is crunk!’ I think what he was trying to say was that he was excited to be...