How does delta change when implied volatility changes? This measurement is called “vanna.” Because vanna is a derivative of delta, it is categorized as a “second-order” Greek. As the implied volatility of an option increases, the probability of that option moving into the money also increases. For this reason, vanna is positive for call options and negative for put options. Example of Vanna Steve is an options trader and decides to purchase $175 call options on ABC Holdings and 123 Computers....

Most consumer debt is made up of fully amortized loans, but partially amortized loans also exist. This is just as it sounds: The borrower pays off a portion of the debt with regular monthly payments, then makes a “balloon payment”—a large lump sum—on the loan maturity date. With partially amortized loans, only a portion of the full loan value is amortized, with a significant lump-sum payment due at the end of the loan’s term....

How Does Net of Tax Work? Any business or investment transaction that involves income should be considered as net of tax. The net of tax calculation is different depending on the type of income: Ordinary or earned income for a business is income from your business activities, like sales of products and services. Capital gains income is the profit from the sale of business assets (everything from vehicles and equipment to the entire business) or investments, meaning that the asset is sold for more than the price paid for it....

When consumers open their pocketbooks, the economy tends to hum along. Retail shelves begin to empty, and orders are placed for replacement merchandise. Plants make more widgets and order raw materials for even more. However, if consumers feel uncertain about their financial future and decide to hold off buying new refrigerators or blue jeans, the economy slows down. This is why politicians sometimes resort to tax rebates to give the economy a boost....

Phoenix, Tempe, Scottsdale, Glendale, and other cities in Arizona are all located within Maricopa County, the most populous county in Arizona and the fourth largest in the U.S. When you are checking out home prices, you might find them described as the average or median in Maricopa County or in the various cities within the county. Median vs. Average The median of a set of numbers is that number where half of the numbers are lower, and half of the numbers are higher....

There are dozens of smart ways to handle your tax refund. Consider using your tax refund to pay down your debt, save for college, invest, or start a side business. Here are just a few things you can do with your tax refund to make the most of it. Pay Down Debt There are two ways you can pay down your debt—either apply your tax refund toward the debt with the highest interest rate or apply your tax refund toward the debt with the smallest balance....

So if you’re thinking about buying property with a partner, know that you don’t have to be married to do so. However, it’s important to understand all the nuances before you jump into the process. The Deed and Mortgage Are Separate When you buy a home, you’ll need to decide whose name(s) will appear on two important contracts: the mortgage and the deed. A mortgage is a financial contract between a borrower and a lender....

Defining an Internet Bank Account For our purposes, an internet bank account is one that’s only offered online. That doesn’t necessarily exclude traditional banks. A bank with physical branches may also offer internet bank accounts exclusively to online users. However, many banks that operate exclusively online offer better perks by avoiding the overhead costs associated with traditional banking (rent for the branch location, staff to fill the building during working hours, etc....

Whether or not you need a note from a doctor depends on your company and your particular situation. If you know ahead of time that you’re going to miss work, you may need to notify your employer in advance. Otherwise, you may need to provide a doctor’s note to verify that you were legitimately ill and unable to come to work. When to Get a Note From Your Doctor Each company has its own policies about whether employees must submit a doctor’s note when they take a sick day....

You can’t submit your return until the official opening of the tax-filing season. The IRS generally begins accepting tax returns sometime in mid- to late January of the year after the tax year for which you’re filing. It will begin accepting 2021 tax returns on January 24, 2022. Plan Ahead for the 2022 Tax Season The IRS experienced some processing delays in 2021 due to the COVID-19 pandemic, and it indicates that it’s still experiencing some service delays in 2022....

So, if you are seeking a job in the government or a workplace with a union contract, make sure you understand the rules that pertain to hiring, promotions, job transfers, and other conditions of employment. In these cases, it is best to seek legal advice for what is required in the city, state, or country where you live. Even though feedback is not legally required, if you were not hired for the job after participating in an interview process, you can ask for feedback—and it’s generally a good idea to do so....

Despite how reliable CDs can be, they aren’t always the right choices when it comes to investing your money. Learn more about how CDs work, when opening one is an ideal investment, and what other options may be worth considering. How Does a Certificate of Deposit Work? A certificate of deposit (CD) is also known as a time deposit. The way a CD works is you agree to put a certain amount of money into a CD for a set period of time....

Taxes on Withdrawals Matter When you withdraw money from tax-deferred accounts, it will be taxed as ordinary income in the calendar year in which you make the withdrawal. If you need extra funds for a vacation, a new car, or to help a family member, the excess funds withdrawn may bump you into a higher tax bracket. For example, a taxpayer who files single returns can withdraw up to $10,275 in the 2022 tax year and remain in the 10% tax bracket....

The Tax Benefits of Roth IRAs Roth IRAs might not seem so great at first glance because you can claim a tax deduction for retirement savings contributions that you make as you can with a traditional IRA. You must pay taxes on the money you contribute in the year you save it to your Roth. But this earns you some nice tax perks further down the line. You can take that money back tax free in retirement because you already paid income tax on it when you made the contributions....

VantageScore Solutions was founded in 2006 by the three major credit bureaus—Experian, TransUnion, and Equifax—as a competitor to the Fair Isaac Corporation, the people behind the widely used FICO score. Taking a more holistic approach to calculating your three-digit score, the latest credit scoring model, VantageScore 4.0, was introduced in 2017. “It’s unusual and uncommon that a new scoring system presents itself as meaningfully different than scoring systems from other credit score developers,” says credit expert John Ulzheimer, who previously worked with both FICO and Equifax....

The best way to counter the pressure? Be prepared. Knowing what to expect and being ready to make a good first impression will ease your nerves and boost your confidence. Check off the steps on our pre-interview checklist and show the hiring manager that you’re the best candidate for the job. Have an interview outfit ready to go, so you’re prepared to interview at a moment’s notice. You’ll feel comfortable, confident, and ready to shine....

Here’s what the FDCPA says about your debt collection rights. You Can Ask a Debt Collector to Stop Calling To stop debt collector calls, send a written letter explaining that you no longer wish to be contacted. Yes, it’s really that simple. Once the collector receives your letter, they’re allowed one final written contact letting you know what, if anything, they’re going to do next. You Can Ask the Collector to Call Only at Convenient Times The law says debt collectors can only call between the hours of 8 a....

So, what good are they? Simply put, a loan preapproval letter proves that the borrower is serious about buying a home and has a good enough credit score to qualify for a home loan, and that’s about it. You can make your loan preapproval letter mean more, though, and the letter can give the seller solid reasons to accept your offer. Your loan preapproval letter can give the seller reasons to reject your offer....

Financial ratio analysis is useless without comparisons. In doing industry analysis, most businesses use ​benchmark companies. Benchmark companies are those considered most accurate and most important. They’re used for comparison regarding ​industry average ratios. Companies even benchmark different divisions of their company against the same division of other benchmark companies. There are other financial analysis techniques besides ratio analysis to determine the financial health of a company. One example is a common-size financial statement analysis....

Maybe you love your job, but you’re concerned about becoming obsolete because you’ve been in one position for a while. Perhaps your hours are too long, or your commute is too grueling. Sometimes, the reasons to stay outweigh the reasons to go—even when you like what you do. Here Are 7 Reasons to Quit a Job You Love Review these signs that it could be time to quit the job you love and consider moving on....