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Likewise, paying out out one unit from the international currency In case the place at maturity is over or under the strike is strictly like an asset-or almost nothing simply call and place respectively.
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C = C n o s k e w − V e g a v ∗ S k e w displaystyle C=C_ mathrm noskew -mathrm Vega _ v *mathrm Skew
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is typically known as the "skew slope" or simply just "skew". Skew is often negative, so the value of the binary phone is bigger when having skew into consideration.