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gamma smile

gamma smile  n.— «Hardly a line of David’s trading argot will be intelligible to ordinary mortals, being riddled with references to gamma smiles, 25 delta EUR calls, short vega books and the like.» —“How to go bust in a state of...

alpha

alpha  n.— «What, exactly, do investors think they are buying when they hire investment managers such as hedge fund general partners? They would probably say something like “the ability to outperform the market”. In...

mollydooker

mollydooker  n.— «We cackhanders have copped many, at best patronising, nicknames across the generations. (One researcher has claimed to have found 88 terms for lefties.) Cuddy wifter is my personal favourite, challenged by scoochy...