volatility smile

  1. E

    Vol. Skew (Smirk) - Question

    Hi All, perhaps quite a simple question. I just read through the following CFA article http://www.cfapubs.org/doi/full/10.2469/dig.v41.n1.2 and now I am wondering whether Vol. Skew and Vol. Smirk can be used 1:1 interchangeably? Is there any difference between these two terms? Vol Skew = Vol...
Top