Vega
Vega¹
Definition
Vega (vē′gə, vā′-)
noun
the brightest star in the constellation Lyra: magnitude, 0.03
Etymology: ML < Ar (ar nasr) al wāqiʿ, the falling (vulture)
Vega²
Definition
Vega (ve′gä)
Vega,
Lope de (lô′pe t̸he) (born Lope Félix de Vega Carpio) 1562-1635; Sp. dramatist & poet
vega Finance Definition
A
measurement of the sensitivity of an options value to a change in volatility.
Volatility drives price changes in options. Vega measures how much the price of
an option will change when volatility increases or decreases. The higher the
vega, the
more sensitive the price of the option is to volatility and its risk increases.
See also volatility.
Vega
Usage Examples
Modifies a noun
Vega Quotes
Out on the lawn I lie in bed, Vega conspicuous overhead.
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