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For other markets, such as FX options or equity index options, The Volatility Smile and Its Implied Tree (RISK, 7-2 Feb.1994, pp. 139-145, pp. 32-39) (PDF)

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1 The Delta of an option will be defined in Chapter 2, where the BS model is presented. 2 This statement will become clearer with the analysis in Chapter 3

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