prolific Spanish playwright (1562-1635)
"The theater troupe performed a play written by Vega, the renowned Spanish dramatist from the sixteenth century."
the brightest star in the constellation Lyra
"The ancient astronomer traced his lineage back to Vega, which he claimed was the brightest star in the constellation Lyra."
An automobile that was manufactured by Chevrolet Motor Division of General Motors Corporation from 1970 to 1977.
"The trader adjusted their hedge by calculating how a vega change would affect the portfolio's exposure to shifts in implied volatility."
An open tract of ground; a plain, especially one which is moist and fertile, such as those used for growing tobacco.
A measurement of the sensitivity of the value of an option to changes in the implied volatility of the price of the underlying asset.
In plain English: Vega is how much an option's price changes when interest rates shift slightly.
"The vega shifted after the news broke about the company's earnings report."
Usage: In finance contexts, vega specifically refers to sensitivity to volatility rather than value itself. In agricultural or geographical descriptions, it denotes a fertile plain suitable for crops like tobacco.
The brightest star in the constellation Lyra; Alpha (α) Lyrae. It forms one corner of the Summer Triangle.
"The renowned astronomer who first cataloged bright stars was actually Vega, a common Spanish surname."
A surname, from Spanish.
From Medieval Latin, from Arabic وَاقِع (wāqiʕ, "falling"), from the expression النَّسْر الوَاقِع (an-nasr al-wāqiʕ, "falling eagle"). The active participle وَاقِع (wāqiʕ) derives from the verb وَقَعَ (waqaʕa, "fall, drop, tumble, alight, pounce").