all, of the variations in excess kurtosis and multi-period skewness across different markets. …

volatility surfaces based on those European options written in the standard and poor (S&P) Nifty equity index. The stochastic … nature of implied volatility across strike price, time-to-expiration and moneyness violates the core assumption of the Black … moneyness, time-to-expiration and the liquidity of the strikes. The empirical work has been expressed by means of a simple …