{"version":"1.0","provider_name":"SimTrade blog","provider_url":"https:\/\/www.simtrade.fr\/blog_simtrade","author_name":"Saral BINDAL","author_url":"https:\/\/www.simtrade.fr\/blog_simtrade\/author\/sbindal\/","title":"Volatility curves: smiles and smirks","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"NGGsBF5PVQ\"><a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/volatility-curves-smiles-smirks\/\">Volatility curves: smiles and smirks<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.simtrade.fr\/blog_simtrade\/volatility-curves-smiles-smirks\/embed\/#?secret=NGGsBF5PVQ\" width=\"600\" height=\"338\" title=\"&#8220;Volatility curves: smiles and smirks&#8221; &#8212; SimTrade blog\" data-secret=\"NGGsBF5PVQ\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.simtrade.fr\/blog_simtrade\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"In this article, Saral BINDAL (Indian Institute of Technology Kharagpur, Metallurgical and Materials Engineering, 2024-2028 &#038; Research assistant at ESSEC Business School) analyzes the various shapes of volatility curves observed in financial markets and explains how they reveal market participants\u2019 beliefs about future asset price distributions as implied by option prices. Introduction In financial markets ... Read more","thumbnail_url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/12\/img_SimTrade_Photo1_Saral_Bindal.jpg"}