volga noun1 •A second-order measure of derivative price sensitivity, expressed as the rate of change of vega with respect to changes in the volatility of the underlying asset.
Volga /ˈvoʊlɡə/ noun2 •A river in Russia, the longest river in Europe, flowing 2,325 miles through western Russia to the Caspian Sea. •Any of several automobiles of the same brand manufactured by GAZ in the Soviet Union and Russia. formsVolgas