Can someone please explain volatility adjusted delta (i.e., sticky delta)
Could someone explain what exactly the sticky delta is on an FX option and how to derive it at a high level. Is this another name for my smile delta, which I understand to be my delta adjusted for the vol smile. Been searching online and pestering the bloomberg help desk folks, but haven't got any closer to a good explanation.
Maybe, this famous Derman paper will help?
http://www.emanuelderman.com/media/smile-lecture9.pdf
I got this =)
Yo we don't email anymore!
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