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Modelling the dynamics of implied volatility smiles and surfaces

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Figure

Figure  3.1:  Variation of Vega  as  a  function  of Strike,  for  European  Option  with
Figure 3.3:  Screened Implied Volatilities  Only  with the Vega  Constraint for  v=8,  for  a  Call  Contract with Maturity 9309
Figure 3.6:  Raw Implied Volatilities  of  a  Put  Contract with Maturity  9309.  0 . 35  0.3  0.25  C/)  '0  0.2  - - AVERAGE  >  --- PLUSSTDEV  ci
Figure 3.9:  Recovered  Smile from  OTM  Calls  and  OTM Puts  with  Maturity
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