The West African CFA franc (XOF) is the currency of eight West African countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
Option sellers receive a premium in exchange for granting the buyer the right to buy or sell the underlying asset at an agreed price within an agreed period of time.
Traders who sell an option receive a fee or premium in exchange for giving the buyer of the option the right to buy or sell the stock at a specific price and on a specific date.
The East Caribbean dollar (XCD) is the official currency of the Organization of Eastern Caribbean States (OECS), replacing the British West Indies dollar in 1965.
Zomma is the sensitivity of the option’s gamma to changes in implied volatility, where a higher zomma indicates that small changes in IV translate into large changes in gamma.