yandex watch
forex ask logo
forex ask banner
Welcome, Guest

Forgot Password

Not yet a Member? Register Here

Loader
Question Details
Username: Peter

Rating:
Guru Stars

Asked to: Apinya Kamon

Date Created: 08 May 2018
Category 28
Tag Financial
Question Please give the definition of 'Ultima'.
Advice from Guru
Hello Peter,

The rate at which the vomma of an option will react to volatility in the underlying market. It is the third order derivative of the option value with respect to volatility, or the derivative of vomma with respect to the derivative of volatility.
Ultima is part of the group of measures known as the "Greeks" (other measures include delta, gamma and vega) which are used in options pricing.

Ultima is useful to investors who are making options trades and take the vomma and vega into consideration, especially when implementing exotic options which may change format over the period of maturity. This metric is one of the inputs utilized in the Black-Scholes model.

List of Gurus

  • Guru Most read Heng Kim
    Heng Kim

    Hi PrettyWoman, The job market is the market in which employers search for

    Read more
  • Guru Most read Anton Luyten
    Anton Luyten

    Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists

    Read more
  • Guru Most read Chaoxiang Lee
    Chaoxiang Lee

    Hi Maria, A caplet is a kind of call option based on interest rates. The

    Read more
  • Guru Most read Apinya Kamon
    Apinya Kamon

    Hello ForexGuy, A false market occurs when prices are manipulated and impacted

    Read more
  • Guru Most read Tom Burke
    Tom Burke

    Hello LuckyWoman, The yearly probability of living is determined by consulting

    Read more
  • Guru forex ask most-read Anton Luyten
    Anton Luyten

    Hello Fluffy, The January effect is a seasonal increase in stock prices during

    Read more
  • Guru forex ask most-read Chaoxiang Lee
    Chaoxiang Lee

    Hi ForexGuy, The Currency Pair EUR/USD is the shortened term for the euro

    Read more
  • Guru forex ask most-read Jun Wang
    Jun Wang

    Hi LuckyMan, Economies of scale is the cost advantage that arises with

    Read more
  • Guru forex ask most-read Dara Madee
    Dara Madee

    Hi Andrew, Yankee market is a slang term for the stock market in the United

    Read more
  • Guru forex ask most-read Jun Wang
    Jun Wang

    Hello LuckyMan, Gen-saki is a secondary bond market in Japan, also known as a

    Read more
  • Guru forex ask newest Heng Kim
    Heng Kim

    Hi PrettyWoman, The job market is the market in which employers search for

    Read more
  • Guru forex ask newest Anton Luyten
    Anton Luyten

    Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists

    Read more
  • Guru forex ask newest Chaoxiang Lee
    Chaoxiang Lee

    Hi Maria, A caplet is a kind of call option based on interest rates. The

    Read more
  • Guru forex ask newest Apinya Kamon
    Apinya Kamon

    Hello ForexGuy, A false market occurs when prices are manipulated and impacted

    Read more
  • Guru forex ask newest Tom Burke
    Tom Burke

    Hello LuckyWoman, The yearly probability of living is determined by consulting

    Read more