# Volatility Surface

*Quant & Pricing — Finicade finance glossary*

The full map of implied volatility across every strike and maturity — the smile in one direction, the term structure in the other. Traders quote and risk-manage whole option books off it.

**Also known as:** term-structure-of-vol

**Related terms:** [Volatility Smile](https://finicade.com/glossary/volatility-smile-skew), [Implied Volatility](https://finicade.com/glossary/implied-volatility), [Local Volatility](https://finicade.com/glossary/local-volatility)

**Taught in:** Hull Street — Volatility & the Smile

Source: https://finicade.com/glossary/volatility-surface