Super Finance Glossary
Over 10,000 financial glossary terms...
Lambda
Lambda
Definition: The ratio of a change in the option price to a small change in the option volatility. It is the partial derivative of the option price with respect to the option volatility.
Definition: The ratio of a change in the option price to a small change in the option volatility. It is the partial derivative of the option price with respect to the option volatility.