What does the shape of the volatility smile reveal about call options on a currency?

A. Options close-to-the-money have the lowest implied volatility

B. Options deep-in-the-money have a relatively high implied volatility

C. Options deep-out-of-the-money have a relatively high implied volatility

D. All of the above

Answer rating: 100% (QA)

The detailed answer for the above question is provided below ... View the full answer