The Vol Surface Construction Playbook — SVI, SSVI, Static Arbitrage & Dupire Local Volatility

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About this resource

From scattered option quotes to a production-grade volatility surface. This practitioner bundle combines a polished 79-page Desk2Quant playbook with a fully executed Jupyter companion lab. It is designed to take a reader through the complete volatility-surface workflow rather than presenting isolated formulas.

What you will build and validate Clean option quotes and construct forward, log-moneyness and total-variance coordinates. Calibrate raw SVI smile slices with numerical diagnostics. Build a coherent SSVI surface and verify the SSVI ↔ raw-SVI mapping numerically.

Audit butterfly arbitrage using g[w] ≥ 0. Audit calendar arbitrage using ∂T w(k,T)|k ≥ 0. Extract Dupire local volatility using consistent fixed-k conventions and denominator diagnostics. Run stability tests and deliberately broken-surface experiments to see exactly what fails.

Perform local-vol Monte Carlo repricing closure against vanilla prices. Study a dedicated 0DTE construction and stabilisation experiment. Translate the mathematics into desk language and quant-interview answers. Included in the download The Vol Surface Construction Playbook PDF.

Fully executed Jupyter companion notebook with code, tables and plots. requirements.txt and setup instructions. Selected notebook preview charts. SHA-256 integrity manifest. The executable examples use synthetic, reproducible option data for educational and numerical-validation purposes; no live or proprietary market data is claimed.

Best suited for derivatives and volatility quants, quant developers, model-validation quants, risk quants and candidates preparing for quantitative-finance interviews. Launch offer: Use coupon VOL20 at checkout for 20% off the current sale price.

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It is designed for quantitative-finance candidates and practitioners who want desk-focused explanations, practical diagnostics and interview-ready reasoning.

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