Quoted in vol
Definition · Level 6 · Desk language
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Giving or bidding a price as an implied volatility (“22 bid”) rather than as a dollar premium; the pricing model turns it into dollars.
Example
“I’ll pay 22” = 22% implied volatility, not $22.
Where Tradecraft teaches it
Level 6 · Desk language, in the lesson “Options-desk slang: vol, gamma and tied-to”: Vol as the product, gamma talk, flies, risk reversals and tied-to quotes.
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