expansive 发表于 2025-3-25 04:28:50
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http://reply.papertrans.cn/35/3436/343523/343523_28.pngCommunicate 发表于 2025-3-26 16:03:27
The Dynamics of Implied Volatility Surfacesvariety of criteria, we conclude that two shocks explain the movements of the volatility surface. The first shock is interpreted as a shift, while the second one has a Z-shape. The results have implications for both option pricing and hedging and for the economics of option pricing.instructive 发表于 2025-3-26 19:46:55
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