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Volatility Smile (Hardcover) (Emanuel Derman)

The Volatility Smile ( Wiley Finance) (Hardcover)

Lessons one in building volatility surfaces in Excel. Reviews smiles, skews, implied and local volatility.

Figure 5 - Volatility Smile Progression for Wal-Mart Stores (WMT) from 6/10/11 to 6/14/11

I just posted the Daily Horoscopes for Saturday/Sunday and they go into more detail but this is a Dark Moon pre-Eclipse with a bitched up Zap Zone edge of volatility. Plus Saturn Retro for an extra dimension of status-money-age-anything anxiety. [ Read more…]