Etymology

veta

V4E1T1A1

Today it means: A second-order measure of derivative price sensitivity, expressed as the rate of change of vega with respect to time, or equivalently the rate of change of theta with respect to changes in the volatility of the underlying asset. Full definition →

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The story

As vega, with the "g" substituted with a "t" to represent time.

Etymology from Wiktionary, CC BY-SA 4.0.